The menstrual cycle is governed by hormonal changes in the ovaries and uterus that allow for egg production and the potential for pregnancy. It occurs in three phases - the follicular phase where an egg develops and is released, ovulation where the egg is released, and the luteal phase where the uterus prepares for potential pregnancy. Common premenstrual symptoms like acne, breast tenderness, and mood changes occur in 20-30% of women prior to menstruation. The cycle is regulated by hormones like GnRH, FSH, and LH that signal the pituitary and ovaries. FSH stimulates follicle development in the follicular phase and LH triggers ovulation.