The Part of the Computer that runs a video game, consists of almost everything in the Computer, Processor sends information, memory is used to access information, Hard drive read/stores information, Graphics Card has a processing unit to process graphical data, Graphical Memory allows access to information, Sound Card processes data to be converted to sound, Optical drives read information on the disc, during games.
The Video Card itself has a processor, and memory on it, they process Texturing, Anti-aliasing, Filtering, Shadows, objects and visual effects. Getting information sent from the CPU, they process it, and show it on the screen. The CPU, or the Computers main processor, processes information sent from the disc, and hard drive, and organizes them, and send them to where they need to go, whether its sound or video data to the sound card, and video card. The CPU does the AI processing. Refresh Rate is strictly about monitors, yet some video cards will limit the refresh rate, as the GPU (graphics processing unit is slow and can't send too much information to the monitor to display hence limits the Refresh Rate), its the frequency of how fast you want your computer screen data to be refreshed. Less hertz will mean that the screen will be slow, so whatever you are watching on the screen, especially in action games, you can tell that some frames are skipped. IF you have a higher refresh rate, you will basically see more frames, and thus it will be much smoother. Refresh Rate increases load on both Monitor and Video card, but mostly video card, since video card can send as much information needed, while the monitor displays most of it, depending on its refresh rate. They have to both match the same refresh rate, otherwise problems with the displayed image can happen.