Your effects window shows you all available effects in premiere.
This allows you to control the effects, to make changes as you edit.
This is what the panel looks like without an added effect.
This is what the panel looks like with the added effect of "Brightness and Contrast."
TIP FOR EDITING EFFECTS
You can copy and paste effects and their controls onto however many clips you want. You must copy your clip first and then select the clips you would like to paste effects onto. Right click and select "Paste Attributes."
When the paste attributes window appears you can select or deselect whatever attributes you would like to be copied and pasted.
You can also use nesting if you would like to add effects or make changes to multiple clips at one time. Select the clips you want to make changes to and right click on them to select "Nest."
Nesting allows you to group clips together into a single clip to make changes to all the clips at once. This is really useful so you don't have to keep clicking and dragging effects onto each clip and make all the settings match. Advanced users may use this for color correction, color grading, adding effects, etc. Nesting your clips will also create a new sequence where you can edit the clips individually again. Any changes made there will then be made in the original sequence as well.
This button on your timeline gives you the option to insert the nested sequence back into a sequence as a nest (turned on/blue) or individual clips (turned off/gray) with this button.
Watch this video for an explanation of why nesting is an important editing feature and what it can be useful for! Link
The audio effects appear in the Effects window. You can use these the same way you drag and drop video effects and apply them only to specific clips.
AUDIO PRESETS FOR DIALOG, MUSIC, SOUND FX, AND AMBIENCE
If you pull up the Essential Sound editing window, you'll be able to select presets for whatever you assign your audio clips as. You can also make your own adjustments to each of these assigned audio types.
Watch this video for tips and more information. Link
AUDIO TRACK MIXER
Depending on how important audio effects are to your video, you may want to consider using the audio track mixer to edit your audio instead. Have you ever wanted to use reverb or delay on an audio clip but when you apply the effect, it stops when the clip ends? If you want the effect to last longer than the clip, consider watching this video to learn how to make an effects track to make that possible.
This video really helpfully explains why that is important! LINK
TIP FOR EDITING
Just like with video clip editing you can copy and paste attributes of your audio clips too! Just copy your clip, select the clips you would like to paste onto, and then right click.
You use transitions similarly as to how you use your effects, just click and drag them onto your clip.
Once you have dragged a transition onto your clip (you must drag it towards the the end or beginning of a clip to place the transition onto the clip), you can control the duration of the transition with the trimming tool (the trimming tool will activate automatically just by hovering on the starting point or ending point of the transition).
Here is a helpful guide to using transitions in premiere! Link
To create a title go to File>New>Legacy Title
When this window appears you can type in the name of you title.
That title will then appear in the Title window, where you can make changes to it in name, size, position, font, color and more!
That title gets saved as a clip in your projects window, that you can control the duration of in your timeline by extending or shortening it. Just click and drag it into your timeline.
Here is a quick and very useful video link on color correcting in Adobe Premiere! Link