1. When no nerve impulse is being transported along axon, resting potential (-70 mV) is maintained across axon membrane
2. Stimulus causes Na+ channels to open and Na+ diffuses rapidly into axon down an electrochemical gradient
3. When threshold is exceeded, causes depolarisation of axon
4. Action potential is triggered and voltage-sensitive gates of Na+ close and K+ channels open
5. K+ ions leave the axon down their concentration gradient, causing repolarisation of axon
6. Slight overshoot of the K+ ions diffusing out results in hyperpolarisation
7. Sodium-potassium pump restores original Na+ and K+ concentrations, returning to resting potential