This document discusses magnetic properties of solids. It defines key terms like magnetization, magnetic susceptibility, paramagnetism and diamagnetism. Paramagnetism occurs in materials with partially filled electron subshells, allowing isolated atomic magnetic dipole moments to align with an external magnetic field. Diamagnetism is a weaker effect where an applied field induces orbital electron currents that create a magnetic field opposing the external field. The document outlines the classical and quantum mechanical origins of these magnetic behaviors.