Transformers transfer energy from one circuit to another through electromagnetic induction. They work by using a primary and secondary winding to induce an electromotive force. Transformers are used for impedance matching, electrical isolation, and increasing or decreasing voltages for power transmission. Some key points are that transformers were first invented by Michael Faraday and have since been improved. Their behavior is based on Faraday's law of induction. Real transformers experience losses such as copper and core losses.