The theory of optical absorption of the simple liquid metals (e.g. the alkalis) is outlined. At not too large frequencies, the Drude theory is regained. The relaxation time is that given by the weak scattering (Ziman) theory of electrical resistivity. For high frequencies, the relaxation time, however, becomes frequency dependent. Appreciable structure enters the theory, arising from collective excitations. The relation to recent ellipsometric measurements on liquid Na is briefly discussed. The optical conductivity and density of states in the divalent metals Hg and Be is then discussed, followed by the relation between photoemission and soft X-ray experiments and current electron theory. Specific attention is given to the evidence for a pseudo-gap in the divalent metals and to changes in the electron states which occur on melting the noble metals.The second major area treated is concerned with the magnetic properties of liquid metals. The theory of orbital and spin magnetism in simple liquid metals is reviewed and confronted with experiment. It is clear that the electron-electron enhancement effects have a dominant influence on the trend of the spin susceptibility of simple liquid metals as a function of density. However, electron-ion interactions must be introduced as corrections to the interacting electron gas values and in a metal like Li the nearly free electron theory fails to do this adequately. Knight shift results are summarized, and some attention is given to a recent experiment on the Knight shift of expanded fluid Hg. Difficulties for the theory in relation to transport and the pseudo-gap are pointed out. Finally, new theoretical calculations are reported on the relation between the magnetic properties of the liquid rare earth metals and their electrical conductivity. On dicrit la theorie de l'absorption optique des metaux liquides simples (par exemple les alcalis). A des frequences qui ne sont pas trop grandes, on retrouve la theorie de Drude. Le temps de relaxation est celui prCvu par la theorie (Ziman) de dispersion faible de la resistiviti Clectrique. Pour des frequences Clevees, il existe toutefois une relation entre le temps de relaxation et la frequence. Un degre appreciable de structure, provenant d'excitations collectives, entre dans la thCorie. On discute de la relation qui existe avec les mesures ellipsomCtriques effectuees rkcemment sur du sodium liquide. On discute alors de la conductivite optique et de la densite d'etats dans les metaux divalents Hg et Be; le tout est suivi par la relation qui existe entre les experiences de photoemission et de rayons-X doux et la theorie tlectronique prkvaut actuellement. On porte une attention spiciale aux preuves concernant un pseudo-gap dans les mCtaux divalents et a un changen~ent dam les etats electroniques qui se produisent lorsque l'on fait fondre des metaux nobles.La deuxieme section importante qui sera traitee concerne les proprietes nlagnetiques des metaux iiquides. On passe en revue la theorie des magnetisnies orbital et de spin dans des mtt...