Quantum Field Theory :

The application of quantum theory to the interaction between electrons and radiation requires a quantum treatment of Maxwell's field equations, which are the foundations of electromagnetism, and the relativistic theory of the electron formulated by Dirac. The resulting quantum field theory is known as quantum electrodynamics, or QED.

QED accounts for the behaviour and interactions of electrons, positrons, and photons. It deals with processes involving the creation of material particles from electromagnetic energy and with the converse processes in which a material particle and its antiparticle annihilate each other and produce energy. The theory has provided some remarkably accurate predictions.

Excerpt from the Encyclopedia Britannica without permission.