In this thesis, the study of optical properties of magnetic fluid thin films is the main purpose. We measured the intensity of linear polarized laser beam, which passed through our sample, magnetic fluid thin film with external magnetism, to analyze the relationships between magnetic field intensity and magneto-birefringence and magneto-dichroism. According to our experimental results, we ascertain that both the magneto-birefringence and magneto-dichroism are existed. Besides, we found that the difference of index at magnetic fluid thin film changed with magnetic field intensity also. The phenomenon let us believe that magnetic fluid thin film is anisotropy. Moreover, we also applied the statement, which agreed by most physicists to explain what we found from our real measurements.