A filtered colimit is a suitable category such as Set is a colimit of shape such that it commutes with all finite limits.
A filtered colimit or finitely filtered colimit is a colimit of a functor where is a filtered category.
For a regular cardinal a -filtered colimit is one over a -filtered category.
Similarly, a cofiltered limit is a limit of a functor where is a cofiltered category, or equivalently of a contravariant functor (that is a functor ) where is a filtered category.
A cofiltered limit may also be called a filtered limit (although this can be unclear); the respective terms filtered direct limit and filtered inverse limit are also popular.
A functor that preserves all finitely filtered colimits is called a finitary functor .
For and two diagram categories and
a diagram, there is a canonical morphism
from the colimit over of the limit over to the limit over of the colimit over of :
is given by a cone, whose components
are in turn given by a cocone with components
This finally take to have as components
One checks that this indeed makes all the components be natural and makes the origina morphism exist.
Notice that in general is not an isomorphism.
In Set, filtered colimits commute with finite limits.
In fact, filtered categories are precisely those shapes of diagram categories such that colimits over them commute with all finite limits.
A detailed components proof of the first part is in Borceux, theorem I2.13.4.
For more on this see also limits and colimits by example.
According to 1.5 and 1.21 in LPAC, a category has -directed colimits precisely if it has -filtered ones, and a functor preserves -directed colimits iff it preserves -filtered ones. A proof of this result, following Adamek & Rosicky, may be found here?.
The fact that directed colimits suffice to obtain all filtered ones may be regarded as a convenience similar to the fact that all colimits can be constructed from coproducts and coequalizers. Of course, a dual result holds for codirected limits.
Let be a small category. A functor is flat if it is a filtered colimit of representable functors.
Equivalently, a module is flat if and only if the tensor product
is left exact. One may prove as a corollary that if is finitely complete, is flat if and only if it is left exact (preserves finite limits). Since this tensor product is automatically a left adjoint, we have the following basic result:
For a small category, the category of topos points of the presheaf topos (i.e., geometric morphisms and natural transformations between them) is equivalent to the category of flat modules on .
Elements in filtered colimits in Set and Grp are given as classes of equivalences, so called germs. Filtered limits in Set and Top are given as families of compatible elements, so called threads.
(More was/is to be written here, including an application to geometric realization, relation to Diaconescu's theorem, and perhaps more.)
Filtered colimits are also important in the theory of locally presentable and accessible categories. See also pro-object and ind-object.
Section 2.13 in part I of