Solution

ID: past-exam-of-the-algebraic-geometry-course-of-the-university-of-oxford/2011/3/b/solution

For a multiplicatively closed set containing one, the localization of a ring consists of fractions with , under the equivalence
The factor is needed when the ring has zero divisors. Addition and multiplication are
The canonical map sends to and makes every element of a unit. It is universal with this property: a ring homomorphism taking into units extends uniquely by . Usually zero is excluded from ; if it is included, this construction is the zero ring.

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