This lesson covers parallel and series circuits. A series circuit has one path for current to flow and the same current passes through each component. In a parallel circuit, there are multiple paths for current and the total current is the sum of the branch currents. The document also discusses electricity in homes, including how alternating current works and safety devices like fuses and circuit breakers that prevent overloads. Key terms defined include joules, watts, kilowatt-hours, and equations for power.