The purpose of the Summer School is to provide a qualified overview on the rapidly developing areas of spintronics, magnetoelectronics and nanomagnetism. The lectures will be oriented on last year PhD students and postdoctoral researchers in the field of ab initio electronic structure theory. Attention will be paid not only to theoretical backgrounds and latest results, but also to other aspects of the field, such as possible future development and technological applications. Most of the school topics will be covered by experts in the community of first-principles electronic structure calculations, to which majority of the participants will probably belong. However, the theoretical lectures will be followed by experimental ones wherever possible.