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Abstract:
Engineering novel materials with specific electronic, magnetic, optical or transport properties is a challenge for material science. It relies crucially on our understanding of the underlying physical mechanisms. Increasing our knowledge about electronic and magnetic properties of materials has thus immediate impact onto possible technological advances. The DFT+DMFT approach, which is a combination of the Dynamical Mean Field Theory and the Density Functional Theory is a powerful tool to study from first principles the magnetic and electronic properties of strongly correlated compounds. Success story of its application to investigate different physical properties of strongly correlated compounds will be presented.