Can moving a magnet produce electricity?

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Moving a magnet near a circuit can indeed produce electricity due to the changing magnetic field, which induces an electric current in the circuit as described by Lenz's Law. The magnet itself does not generate power; instead, it converts the energy from the motion of the magnet into electrical energy. Faraday's Law of Induction provides the formulas necessary to calculate the amount of electric field generated. Understanding these principles is essential for grasping the relationship between magnetism and electricity. This phenomenon illustrates the fundamental concepts of electromagnetic induction.
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I know that electricity running through a circuit produces a magnetic field...does this work the other way around? Does a permanent magnet in a circuit produce electricity? A colleague of mine is trying to convince me that moving a magnet back and forth in the presence of a circuit can produce a small electrical field. True or not?

Thanks in advance for any help!
 
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Yes, a magnet can produce a current in the following way. If you, let's say, shake a magnet near a wire in a circuit, the changing magnetic field caused by the shaking will create an electric field in the circuit, which will cause an electric current. This is described by Lenz's Law. The magnet doesn't actually "create power". That would be a violation of conservation of energy. What the magnet does is take the energy you put into shaking and transform it into the energy of the current using the fields
 
Are there certain formulas relating to this so I can actually calculate how much of an electric field is being produced?
 
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