Abstract
The authors discuss some of the fundamental properties unique to magnetic multilayers. Complex spin configurations are examined for many different systems and are shown to arise from a simple competition between exchange and Zeeman energies. The spin configurations found in multilayer systems determine macroscopic properties such as the static susceptibility and magnetization, and can lead to anomalous field and temperature behaviour. The authors also discuss the dynamic behavior of magnetic multilayers. Emphasis is placed on spin waves in magnetic multilayers with canted spin configurations and the softening of modes at magnetic phase transitions. Furthermore they show that spin wave excitations provide a powerful method for studying exchange interactions and spin configurations. Finally, the phenomenon of giant magnetoresistance in magnetic multilayers where the resistivity of the metallic structure can be changed by over 60% at room temperature, is discussed. Simple theoretical approaches are used to understand and predict the properties of the multilayer systems and comparisons between theory and experiment are stressed.