This lecture covers the concept of chemical equilibria, focusing on Gibbs energy and equilibrium constants. It explains how the Gibbs energy of a reaction determines the direction of a reaction and the state of equilibrium. The lecture also delves into the calculation of equilibrium constants using activities and partial pressures. Additionally, it discusses the impact of temperature, pressure, and volume changes on equilibrium, as well as the Van't Hoff equation for temperature variation. Practical examples, such as the Haber-Bosch synthesis, are used to illustrate these concepts.