Extensions to the LDA (LDA+U, GGA, SIC, GW, etc.) as well as simplified models Hamiltonians (e.g. Hubbard-like models) have been proposed and developed in order to describe phenomena that are due to strong electron correlation. Among them, dynamical mean field theory (DMFT) successfully captures the main features of correlated materials. Schemes that use both LDA and DMFT explain many experimental results in the field of correlated electrons.