Book excerpt: The objective of this monograph is a numerical analysis of the well-accepted models of Landau, Lifshitz and Gilbert for (electrically conducting) ferromagnets. Part I discusses convergence behavior of different finite element schemes for solving the stationary problem. Part II deals with numerical analyses of different penalization / projection strategies in nonstationary micromagnetism; it closes with a chapter on nematic liquid crystals to show applicability of these new methods to further applications.