Definitions
If two or more circuit components are connected end to end like a daisy chain, it is said they are connected in series. A series circuit is a single path for electric current through all of its components.
If two or more circuit components are connected like the rungs of a ladder it is said they areconnected in parallel. A parallel circuit is a different path for current through each of its components. A parallel circuit provides the same voltage across all its components.
Basics
Electrical circuit components can be connected together in one of two ways: series or parallel. These two names describe the method of attaching the components, that is one after the other or next to each other.
- If two or more circuit components are connected end to end like a daisy chain, it is said they are connected in series. A series circuit is a single path for electric current through all of its components.
- If two or more circuit components are connected like the rungs of a ladder it is said they are connected in parallel. A parallel circuit is a different path for current through each of its components. A parallel circuit provides the same voltage across all its components.
As an example, consider a very simple circuit consisting of two lightbulbs and one 9 V battery.
If a wire joins the battery to one bulb, to the next bulb, then back to
the battery, in one continuous loop, the bulbs are said to be in
series. If each bulb is wired to the battery in a separate loop, the
bulbs are said to be in parallel. If the two lightbulbs are connected
in series the same current flows in both of them; each lightbulb
experiences about 4.5 V. If the two lightbulbs are connected in
parallel, the currents flowing through the two lightbulbs combine to
form the current flowing in the battery; each lightbulb experiences 9 V.
Series circuits
Series circuits are sometimes called cascade-coupled or daisy chain-coupled. The current
that flows in a series circuit has to flow through every component in
the circuit. Therefore, all of the components in a series connection
carry the same current.
Resistors
To find the total resistance of all the components, add the individual resistances of each component:


for components in series with resistances R1, R2, etc. To find the current I, use Ohm's law:
.
To find the voltage across a component with resistance Ri, use Ohm's law again:

where I is the current, as
calculated above. The components divide the voltage according to their
resistances, so, in the case of two resistors,
.
NOTE: The above formulae extend to impedances in series.
Inductors
Inductors follow the same law, in that the total inductance of non-coupled inductors in series is equal to the sum of their individual inductances:


However, in some situations it is difficult to prevent adjacent
inductors from influencing each other, as the magnetic field of one
device couples with the windings of its neighbours. This influence is
defined by the mutual inductance M. For example, if you have two
inductors in series, there are two possible equivalent inductances:
depending on how the magnetic fields of both inductors influence each other.
When there are more than two inductors, the mutual inductance
between each of them and the way the coils influence each other
complicates the calculation. For a larger number of coils the total
combined inductance is given by the sum of all mutual inductances
between the various coils including the mutual inductance of each given
coil with itself, which we term self-inductance or simply inductance.
For three coils, there are six mutual inductances M12, M13, M23 and M21, M31 and M32. There are also the three self-inductances of the three coils: M11, M22 and M33.
Therefore
- Ltotal = (M11 + M22 + M33) + (M12 + M13 + M23) + (M21 + M31 + M32)
By reciprocity Mij = Mji
so that the last two groups can be combined. The first three terms
represent the sum of the self-inductances of the various coils. The
formula is easily extended to any number of series coils with mututal
coupling. The method can be used to find the self-inductance of large
coils of wire of any cross-sectional shape by computing the sum of the
mutual inductance of each turn of wire in the coil with every other
turn since in such a coil all turns are in series.
Capacitors
Capacitors follow a different law. The total capacitance of capacitors in series is equal to the reciprocal of the sum of the reciprocals of their individual capacitances:

.
The working voltage of a series combination of identical capacitors
is equal to the sum of voltage ratings of individual capacitors
provided that equalizing resistors are used to ensure equal voltage
division. This is all because of Ohm's law.
Parallel circuits
If two or more components are connected in parallel they have the same potential difference (voltage)
across their ends. The potential differences across the components are
the same in magnitude, and they also have identical polarities. Hence,
the same voltage is applicable to all circuit components connected in
parallel. The total current I is the sum of the currents through the individual components, in accordance with Kirchhoff's Current Law. The current in each individual resistor is found by Ohm's Law. Factoring out the voltage gives
.
Notation
The parallel property can be represented in equations by two vertical lines (as in geometry) to simplify the equations.
Resistors
To find the total resistance of all components, add the reciprocals of the resistances Ri of each component and take the reciprocal of the sum:

.
To find the current in a component with resistance Ri, use Ohm's law again:
.
The components divide the current according to their reciprocal resistances, so, in the case of two resistors,
.
NOTE: The above formulae extend to impedances in parallel.
Inductors
Inductors follow the same law, in that the total inductance of non-coupled inductors in parallel is equal to the reciprocal of the sum of the reciprocals of their individual inductances:

.
If the inductors are situated in each other's magnetic fields, this
approach is invalid due to mutual inductance. If the mutual inductance
between two coils in parallel is M, the equivalent inductor is:

If L1 = L2

The sign of M depends on how the
magnetic fields influence each other. For two equal tightly coupled
coils the total inductance is close to that of each single coil. If the
polarity of one coil is reversed so that M is negative, then the
parallel inductance is nearly zero or the combination is almost
non-inductive. We are assuming in the "tightly coupled" case M is very
nearly equal to L. However, if the inductances are not equal and the
coils are tightly coupled there can be near short circuit conditions
and high circulating currents for both positive and negative values of
M, which can cause problems.
More than 3 inductors becomes more complex and the mutual inductance
of each inductor on each other inductor and their influence on each
other must be considered. For three coils, there are three mutual
inductances M12, M13 and M23. This is best handled by matrix methods and summing the terms of the inverse of the L matrix (3 by 3 in this case).
The pertinent equations are of the form: 
Capacitors
Capacitors follow a different law. The total capacitance of capacitors in parallel is equal to the sum of their individual capacitances:

.
The working voltage of a parallel combination of capacitors is
always limited by the smallest working voltage of an individual
capacitor.
Source: Wikipedia (All text is available under the terms of the GNU Free Documentation License and Creative Commons Attribution-ShareAlike License.)
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