 Solution

Let $A=\pi r^2$ and choose the rotating area normal to coincide initially with $+z$. At time $t$ its angle to the applied magnetic field is $\omega t$, so the external magnetic flux is ${\Phi }_B=BA\cos \omega t$. Faraday's law therefore givesIn the high-electrical resistance approximation, neglecting the loop's self-inductance, Ohm's law givesThe displayed signs specify positive circulation by the chosen normal; reversing the reference circulation reverses both signs. The high-electrical resistance assumption is quantitatively $\omega L\ll R$ if the loop has self-inductance $L$. Otherwise the current lags the induced electromotive force and must be obtained from $L\dot{I}+RI=\mathcal{E}$.