Scanning tunneling microscopy is introduced as an analytic tool for characterizing nanostructures and dynamics on the nanoscale. To analyze the underlying tunneling phenomenon, the Schrödinger equation is solved for a particle confined between finite potential energy steps. For a single potential energy well, the proper solutions to the Schrödinger equation are similar to those of a particle in an infinite box, except for the emerging “tails” of the stationary wave functions in the “classically forbidden” regions of the external confining potentials. For a symmetric double well potential, wave function penetration of the stationary solutions manifests in their even distribution among the wells. An attempt to localize the particle in one of them would lead to periodic oscillations between the wells, as if the particle can “tunnel” under the separating energy barrier. The wave function penetration and tunneling phenomena are discussed also in relation to energy band formation in periodic lattices.