Pharmacokinetics and pharmacodynamics are the two major branches of pharmacology. Pharmacokinetics refers to what the body does to a drug, including absorption, distribution, metabolism, and excretion. Pharmacodynamics refers to what the drug does to the body and its physiological effects. Key concepts in pharmacokinetics include the first-pass effect whereby drugs are metabolized as they pass through the liver, affecting their bioavailability, as well as half-life which determines how long it takes for a drug concentration in the body to reduce by half. Pharmacodynamics examines how drugs act on receptors and enzymes to produce their effects in a selective manner when possible.