know the terminology:
lipid, fatty acid, fat, oil, glyceride, soap, phospholipid, micelle, lipid bilayer, hydrophilic, hydrophobic, steroid, hormone
recognize representative examples of mono-, di-, and triglycerides
recognize how and why soaps form micelles and the special solubilizing properties of micelles
recognize how and why phospholipids form bilayers and the special membrane properties of lipid bilayers