  We study magneto--optical properties of monolayer graphene by means of
quantum field theory methods in the framework of the Dirac model. We reveal a
good agreement between the Dirac model and a recent experiment on giant Faraday
rotation in cyclotron resonance. We also predict other regimes when the effects
are well pronounced. The general dependence of the Faraday rotation and
absorption on various parameters of samples is revealed both for suspended and
epitaxial graphene.
