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This lecture covers reactor kinetics, including kinetics without delayed neutrons, kinetics with delayed neutrons, point kinetics equations, the Inhour Equation, and decay heat. It explains the time-dependent diffusion equation, simplifications for total neutron population, and the physical significance of the prompt period. The lecture also delves into the delayed neutron parameters, precursor equations, and the stable period for reactors with and without delayed neutrons. Additionally, it discusses the Laplace transforms used in solving point kinetics equations and the reactivity equation. The importance of reactivity insertions, stable periods, and the effects of delayed neutrons on reactor criticality are thoroughly explored.