We propose an analytical, time domain model for microring and microdisk modulators which considers both their electrical and optical properties. Theory of the dynamics of microring/microdisk is discussed, and general solutions to the transfer matrix representation are presented. Both static and dynamic predictions from the model are compared to measurement results to demonstrate the accuracy of our model. Static predictions and measurements are presented for power and phase responses whereas dynamic predictions and measurements are presented for small-signal and large-signal operations. The model verifies that the chirping and modulation bandwidth of the modulators depend on the detuning state. Finally, the accuracy and scalability of several techniques employed in the model are discussed.