This document discusses the key parameters in designing a transceiver system. It describes the components in the transmitter and receiver paths that impact the link budget, including transmitter power output, gains and losses, noise figure, and signal-to-noise ratio. Key transmitter components are the power amplifier, transmission line, and antenna. Key receiver components are the antenna, low-noise amplifier, and additional amplifiers. The document provides equations to calculate link budget parameters like effective isotropic radiated power, received signal power, and noise level.