The first two terms are the kinetic term and mass term of a real scalar field; together they determine the free quantum field theory propagator. The term is its quartic field interaction term. The remaining three terms are counterterms: renormalizes the field normalization, renormalizes the mass, and renormalizes the quartic coupling. Their regulator dependence cancels the ultraviolet divergences of loop diagrams, while their finite parts implement the chosen renormalization conditions.
Through order , the quartic one-particle-irreducible Feynman diagrams are the tree-level four-point vertex, the local counterterm vertex, and three one-loop bubble diagrams. The bubbles have two quartic vertices and differ by whether the momentum through the loop is the , , or Mandelstam variables; each has symmetry factor . External-leg self-energies are not part of the 1PI four-point vertex, and begins beyond the required order in this theory.
For a bubble carrying momentum , a Feynman parameter and a shift of the loop momentum give, after Wick rotation and cutoff regularization,where . The quantum effective action therefore containsThe renormalization condition fixesSubstitution cancels both the cutoff and the scheme-dependent constant and leavesas required.
Regard as a running coupling . At fixed and to order , differentiating the one-loop answer with respect to givesbecause implies . Thus the beta function isSolving this ordinary differential equation with givesto leading-logarithmic order.
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