In this paper first, we review the physical root bases of chemical reaction networks as a Markov process in multidimensional vector space. Then we study the chemical reactions from a microscopic point of view, to obtain the expression for the propensities for the different reactions that can happen in the network. These chemical propensities, at a given time, depend on the system state at that time, and do not depend on the state at an earlier time indicating that we are dealing with Markov processes. Then the Chemical Master Equation (CME) is deduced for an arbitrary chemical network from a probability balance and it is expressed in terms of the reaction propensities. This CME governs the dynamics of the chemical system. Due to the difficulty to solve this equation two methods are studied, the first one is the probability generating function method or z-transform, which permits to obtain the evolution of the factorial moment of the system with time in an easiest way or after some manipulation the evolution of the polynomial moments. The second method studied is the expansion of the CME in terms of an order parameter (system volume). In this case we study first the expansion of the CME using the propensities obtained previously and splitting the molecular concentration into a deterministic part and a random part. An expression in terms of multinomial coefficients is obtained for the evolution of the probability of the random part. Then we study how to reconstruct the probability distribution from the moments using the maximum entropy principle. Finally, the previous methods are applied to simple chemical networks and the consistency of these methods is studied.
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