This document discusses various concepts related to ventilation and oxygenation. It defines terms like hypoxemia, hypoxia, arterial oxygen saturation, and arterial oxygen tension. It describes how to evaluate for hypoxemia and discusses various causes of hypoxemia including hypoventilation, ventilation/perfusion mismatching, and right-to-left shunts. Various formulas related to oxygen delivery and measurements like the A-a gradient and oxygenation index are also outlined.