Magnetospheric substorms represent the basic dynamic process in the co
upled solar wind-magnetosphere-ionosphere system. Recent satellite mis
sions have considerably advanced our means to monitor this vast enviro
nment. These observations are interpreted in the context of a hierarch
y of models: Global MHD simulations and various techniques of nonlinea
r physics are used to characterize the large-scale features, whereas m
icrophysical models are used to study the small-scale processes. Empir
ical models are described in order to address questions that involve m
eso-scale or multi-scale phenomena. We discuss some of the recent obse
rvations and relate those to new advancements in various modeling tech
niques.