This lecture covers the concept of chemical equilibrium, including the derivation for chemical equilibrium, Gibbs energy, and the principle of Le Châtelier. Topics include the definition of chemical equilibrium, reaction quotient, equilibrium constant, and the influence of temperature and pressure on equilibrium. The lecture also discusses the activity of species, reaction quotients, displacement of equilibrium, and the law of phases. Additionally, it explores the states of matter, phase diagrams, and the rule of phases for systems with multiple components and distinct phases.