Magnets have north and south poles and magnetic fields created by electron arrangement. Molecular theory explains magnetism at the atomic level, with molecular magnets aligning in materials. Electric currents create magnetic fields, demonstrated by patterns with iron filings. Electromagnets are coils that can be magnetized and demagnetized by switching current on and off. Moving coil meters like the milliammeter measure current through magnetic interactions between the coil and a permanent magnet.