This lecture covers the Carnot theorem and its equivalence with the second law of thermodynamics, explaining the concept of a Carnot cycle, its theoretical efficiency calculation, and demonstrating that no engine can be more efficient than one following a Carnot cycle. The lecture also delves into the concept of coefficient of performance for refrigerators, the demonstration of Carnot's theorem through a proof by contradiction, and practical applications of the Carnot principle in evaluating the claimed efficiency of a machine. Through detailed analysis and examples, the instructor illustrates the fundamental principles of thermodynamics and the significance of the Carnot cycle in defining the upper limit of heat-to-work conversion efficiency.