This article presents a general theory of the ME effect in composites in the low- and high-frequency ranges. Besides the quasi-static region, the area of electromechanical resonance, including longitudinal, bending, longitudinal shear, and torsional modes, is considered in more detail. To demonstrate the theory, expressions of ME voltage coefficients are obtained for symmetric and asymmetric layered structures. A comparison is made with the experimental results for the GaAs/Metglas and LiNbO3/Metglas structures. The main microwave ME effect, consisting of the FMR line shift in an electric field, for the ferromagnetic metals, their alloys, and YIG ferrite using various piezoelectrics is discussed. In addition to analytical calculations, in the article, finite element modeling is considered. The calculation methods and experimental results are compared for some composites.