The detailed modeling of power electronic (PE) devices poses challenging problems to efficient transient simulation of large-scale PE-dominated power systems. As PE paradigm, a multi-scale modeling methodology of the modular multilevel converter (MMC) for simulating diverse transients from lowfrequency oscillations up to high-frequency switching events in an MMC high-voltage direct current (HVDC) system is developed, implemented and validated. The novelty lies in a creation of wave propagation function (WPF) that describes the MMC submodule (SM) transient behavior, and then the SM Fourier seriesbased shifted-frequency phasor (SFP) is developed to accelerate computation speed of the system-level dynamics. These efforts serve as the basis for multi-scale modeling of the MMC where a multiple-frequency shifting is achieved. By implementing seamless model interface with the control systems, the multi-scale modeling is applicable to an MMC-HVDC transmission system. The multi-scale model is validated through case studies that cover dc fault, MMC internal fault, power oscillations and wind power fluctuations. The computational accuracy and efficiency of the model is verified through comparison of the results with those from the full electromagnetic transient (EMT) model.