A transformer utilizes an inductor to increase or decrease the voltage in a circuit. AC flowing in a coil wrapped around an iron core magnetizes the core causing it to produce a magnetic field. This magnetic field generates a voltage in a nearby coil of wire and, depending on the number of turns in the wire of the primary (source) and secondary coils and their proximity, voltage is induced in the secondary coil.

Resistors are used to limit voltage and/or current in a circuit and can have a fixed or variable resistance.  Variable resistors (often called potentiometers or rheostats) are used when dynamic control over the voltage/current in a circuit is needed, for example, in a light dimmer or volume control.

Splicing is permanently joining two wires together. Splicing can be done with screw-on connectors or wire crimps but the preferred method for splicing is soldering. Soldering takes the most effort but results in a connection that is electrically and mechanically identical to the original wire.

Resistance is opposition to the flow of current. As resistance increases, current decreases as resistance and current are inversely proportional.

A moving electric current produces a magnetic field proportional to the amount of current flow. This magnetic field can be made stronger by winding the wire into a coil and further enhanced if done around an iron containing (ferrous) core.