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I am self-studying electrodynamics and am wanting to know what is meant by a potential. I understand the concept of potential energy but what is meant by a potential? Is it the same thing as a field, like gravitation or electromagnetic?

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Electric potential and electric potential energy are two different concepts but they are closely related to each other. Consider an electric charge $q_1$ at some point $P$ near charge $q_2$ (assume that the charges have opposite signs).
Now, if we release charge $q_1$ at $P$, it begins to move toward charge $q_2$ and thus has kinetic energy. Energy cannot appear by magic (there is no free lunch), so from where does it come? It comes from the electric potential energy $U$ associated with the attractive 'conservative' electric force between the two chages. To account for the potential energy $U$, we define an electric potential $V_2$ that is set up at point $P$ by charge $q_2$.

The electric potential exists regardless of whether $q_1$ is at point $P$. If we choose to place charge $q_1$ there, the potential energy of the two charges is then due to charge $q_1$ and that pre-existing electric potential $V_2$ such that:
$$U=q_1V_2$$
P.S. You can use the same argument if you consider chage $q_2$, in that case the potential energy is the same and is given by: $$U=q_2V_1$$

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In the language of vector calculus:

The word potential is generally used to denote a function which, when differentiated in a special way, gives you a vector field. These vector fields that arise from potentials are called conservative. Given a vector field $\vec F$, the following conditions are equivalent:

  1. $\nabla \times \vec F=0$
  2. $\vec F= -\nabla \phi$
  3. $\oint_C \vec F \cdot \text{d}\vec \ell=0$ for any closed loop $C$ (Hence the name "conservative")

The function $\phi$ appearing in $(2)$ is called the potential of $\vec F.$ So any irrotational vector field can be written as the gradient of a potential function.

In electromagnetism specifically, Faraday's law tells us that $\nabla \times \vec E = -\frac{\partial \vec B}{ \partial t}$. For magnetic fields that do not vary with time (electrostatics) we get that $\nabla \times \vec E = 0$ and thus $\vec E = - \nabla V$ where $V$ is the potential of $\vec E$. This is exactly what we call the electric potential or "voltage" if you're a non-physicist. In the electrodynamics case where $\frac{\partial \vec B}{ \partial t} \neq 0$ a notion of electric potential still exists as we can break the electric field up into the sum of an irrotational field and a solenoidal field (this is called the Helmholtz theorem). We can then use Maxwell's equations to get that $\vec E = - \nabla V- \frac{\partial \vec A}{\partial t}$ where $V$ is the same electric potential and $\vec A$ is a vector field that we call the vector potential.

The case of gravity is analogous. If $\vec g$ is an irrotational gravitational field (which is always the case in Newtonian gravity) then $\vec g = -\nabla \phi$ where $\phi$ is the gravitational potential. This is closely related to gravitational potential energy in that a mass $m$ placed in the gravitational field $\vec g$ will have potential energy $U=m \phi$.

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    $\begingroup$ +1 for the detailed answer. However, conditions 1. and 3. are not equivalent in general. It is possible to have a vector field such that $\vec\nabla\times \vec F=0$ and $\oint\vec F\cdot d\vec l\neq 0$. See for instance Why is this vector field curl-free?. $\endgroup$ – Diracology Aug 21 '17 at 16:45
  • $\begingroup$ @Diracology Good point. We must require that $\vec F$ does not diverge in some area bounded by $C$. In general, assuming 1. is true we have that $\oint_C \vec F \cdot \text{d} \vec \ell = \int \int_S \nabla \times \vec F \cdot \text{d} \vec A =\int \int_S 0 \cdot \text{d} \vec A=0$ where $S$ is some surface with boundary $C$ and the first equality is by Stoke's theorem. Clearly if $\vec F$ diverges in $S$ we will encounter some problems with these equalities. $\endgroup$ – Alex Aug 21 '17 at 19:07

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