From a mathematical standpoint they are a hyperbolic (Almost. Even in the ideal case [no diffusion] there can be a problem with degenerate characteristics...) system of nonlinear coupled partial differential equations. This innocuous sounding classification hides a great deal of complexity. Hyperbolic essentially means that the system supports waves. (Also that the equations represent an initial value or time evolution problem.) Nonlinear in this context, essentially means that it is possible for the magnetofluid to support shock waves, or traveling discontinuities in the properties of the magnetofluid. Also that analytical solutions to these equations have not been found except in the simplest and most trivial cases. Consider the difficulty of turbulence as an example. MHD virtually requires numerical methods for understanding of the magnetofluids behavior in physically relevant systems.
Someday I'll finish my own description of MHD in here. I guess I'm going to have to figure out how to display equations with html. For now this is just another link to links.... Sorry if your in here because your search found all the heavy terminology I have listed below. There is no real content here yet, other than an outline.
A.I.Akhiezer, I.A. Akhiezer, R.V. Polovin, A.G. Sitenko and K.N. Stepanov,``Plasma Electrodyanamics, Volume 1: Linear Theory'', Pergamon, 1975
D. Biskamp, ``Nonlinear Magnetohydrodynamics'', Cambridge, 1993
J.P. Goedbloed, ``Lecture Notes on Ideal Magnetohydrodynamics'', Rijnhuizen Report 83-145, 1983
E. R. Priest, ``Solar Magnetohydrodynamics'', D.Reidel Publishing, 1982.
Collisions, collision frequency.
Moments of the distributions.
Conservation of mass density.
Notes on the conservation form of the equations.
Compressible versus Incompressible fluids.
Conservation of momentum density.
Conservation of energy density.
Vorticity, Viscosity and diffusion.
Body forces
Bernoulli's equation. Conservation of energy for an incompressible fluid with negligible viscosity and laminar (non-turbulent) flow. (Daniel Bernoulli (1700-1782) was a Swiss mathematician and physicist who first published this in 1738 - Hydrodynamica.)
Flying and lift. ( Aren't I ambitious? Many people get this wrong...)
Waves and normal modes.
Stability.
Nonlinear terms and Shocks.
Rotation and Geophysical/Astrophysical fluids.