We present the results of recent work on a model of angular momentum transport in thin, ionized, accretion disks. In particular, we consider three physical effects, each of which can be represented in terms of a local MHD mode in such a disk. First, we discuss the generation and propagation of internal modes within accretion disks, pointing out certain features which make them particularly promising as the driving force behind a strong, fast dynamo in accretion disks. Second, we point ou that the magnetic shearing instability (MSI) first discussed by Velikhov, and more recently by Balbus and Hawley in the specific context of these disks, provides a natural saturation mechanism for any disk dynamo, leading to an approximate equality between the dimensionless viscosity and the ratio of the dynamo growth rate to the local shear. Third, we argue that magnetic buoyancy is largely suppressed by the turbulence generated by the shearing instability. This prevents it from removing magnetic flux from the disk any faster than random turbulent diffusion. We find that the dimensionless viscosity α scales as (
H/r)4/3, where His the disk height and ris its radius.