The document discusses two-compartment pharmacokinetic models. A two-compartment model describes the distribution and elimination of drugs in the body using two interconnected compartments - a central compartment representing blood and highly perfused tissues, and a peripheral compartment representing slowly perfused tissues. Parameters like volume of distribution, clearance, half-life and rate constants can be estimated from the biexponential decline in drug concentration observed following intravenous administration. Clinical applications including intravenous infusion and factors affecting pharmacokinetic parameters are also covered.