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This lecture covers alternating current (AC) circuits, including complex impedance, high- and low-pass filters, and power analysis. It explains the frequency-dependent response of filters, the calculation of output voltage, and the concept of cut-off frequency. The instructor also discusses time-dependent and averaged power in AC circuits, using an example of an RL circuit with trigonometric functions. The lecture emphasizes the importance of rms values in AC circuits for power calculations.