Thermodynamic functions of an
n-component magnetic system coupled to an isotropic elastic medium in $d=4\ensuremath{-}\ensuremath{\epsilon}$ dimensions are calculated to leading order in $\ensuremath{\epsilon}$. Solutions to renormalization-group recursion relations correct to $O(\ensuremath{\epsilon})$ along with trajectory-integral methods are employed in these calculations. For
n> 2 the finite compressibility modifies the critical-point behavior producing new corrections to scaling in the thermodynamic functions which are given. In the
n=1 case renormalization-group predictions of a first-order transition are verified. Thermodynamic functions are given and analyzed in this case. In particular the transition temperature and discontinuity in order parameter are determined and the phase diagram is constructed.
Renormalization group methods are applied to study the critical behaviour of a compressible n-component Ising model with short range interactions at d = 4 and a one component Ising model with dipolar interactions at d = 3. The recursion equations are exactly solved in the case of an elastic system of spherical symmetry (d = 4) or cylindrical symmetry (d = 3); new types of logarithmic corrections, corresponding to a Fisher renormalization at marginal dimensions, are found. It is shown that the system exhibits a first-order transition for constant pressure external conditions or when anisotropy is taken into account. The relevance of the calculations to the critical behaviour of uniaxial ferroelectrics is discussed.