This lecture discusses key concepts related to applying the first law of thermodynamics to closed systems, including the different types of energy (kinetic, potential, internal) that make up the total energy of a closed system. It explains how energy can be exchanged between a closed system and its surroundings through two means: work, which causes movement, and heat, which is transferred due to temperature differences. Various forms of work - including expansion/compression of gases, electrical, shaft, and spring work - are described. The sign convention for defining work done and heat transferred is also covered.