Despite the prospect of next-generation electronic technologies has spurred the investigation of the remarkable topological magnetoelectric response, it remains largely unexplored its potential in the application of basic electronic devices. In this paper, we undertake this task at the theoretical level by addressing the $θ$-electrodynamics and examine electromagnetic properties (e.g. tunable inductance, operating frequency range, and power consumption) of three fundamental passive magnetic devices endowed with this effect: the primitive transformer, the bilayer solenoid inductor, and the solenoid actuator. We further exploit the methodology of magnetic circuits to obtain an extended Hopkinson's law that is valid for both topological and ordinary magnetoelectric responses (provided it is uniform in the bulk). Under low-power conditions, we find out that the functionally passive part of the topological-magnetoelectric transformer, solenoid inductor as well as solenoid actuator is indistinguishable from the conventional situation up to second-order in the magnetoelectric susceptibility; and argue that the main benefit of using topological insulators essentially relies on a lower power consumption. Our theoretical framework is also convenient to analyse magnetoelectric inductors endowed with a relatively large magnetoelectric susceptibility, they display a broad inductance tunability of over 200% up to 100 GHz in the millimeter length scale. Conversely, our treatment predicts that the operating frequency range could be restricted below the ultra low frequency by a significantly strong magnetoelectric response (e.g. retrieved by certain multiferroic heterostructures).

22+6 pages, 8 figures. Comments are welcome. Substantial changes with respect to the first version: weak disverse effects are now treated, the numerical analysis was extended to the THz domain and the millimeter length scale, discussion has been partiatly modified, the vast majority of figures were replaced