Chemical kinetics describes the rates of chemical reactions. The three factors that affect reaction rates are concentration of reactants, temperature, and presence of a catalyst. An instantaneous rate is the rate of reaction at a specific moment in time. Beer's law relates the absorption of light to the concentration of an absorbing substance in a solution. First and second order reactions have rates dependent on the first or second power of the concentration of a reactant. Half-life is the time required for half of the reactants to be converted to products at a given reaction rate. Activation energy is the minimum energy that reactant molecules must possess for a reaction to occur.