With the recent emergence of the field of metamaterials, the study of subwavelength propagation of plane waves and the dissipation of their energy either in the form of Joule losses in the case of electomagnetic waves or in the form of viscous dissipation in the case of acoustic waves in different interfaced media assumes great importance. with this motivation, I have worked on problems in two different areas, viz., plasmonics and surface acoustics. the first part (chapters 2 & 3) of the dissertation deals with the emerging field of plasmonics. Researchers have come up with various designs in an efort to fabricate efficient plasmonic waveguides capable of guiding plasmonic signals. However, the inherent dissipation in the form of Joule losses limits efficient usage of surface plasmon signal. a dielectric-metal-¬dielectric planar structure is one of the most practical plasmonic structures that can serve as an efficient waveguide to guide electromagnetic waves along the metal-dielectric boundary. I present here a theoretical study of propagation of surface plasmons along a symmetric dielectric-metal-dielectric structure and show how proper orientation of the optical axis of the anisotropic substrate enhances the propagation length. an equation for propagation length is derived in a wide range of frequencies. I also show how the frequency of coupled surface plasmons can be modulated by changing the thickness of the metal film. I propose a Kronig-Penny model for the plasmonic crystal, which in the long wavelength limit, may serve as a homogeneous dielectric substrate with high anisotropy which do not exist for natural optical crystals. in the second part (chapters 4 & 5) of the dissertation, I discuss an interesting effect of extraordinary absorption of acoustic energy due to resonant excitation of Rayleigh waves in a narrow water channel clad between two metal plates. Starting from the elastic properties of the metal plates, I derive a dispersion equation that gives resonant frequencies, which coincide with those observed in the experiment that was performed by Wave Phenomena Group at Polytechnic University of Valencia, Spain. Two eigenmodes with different polarizations and phase velocities are obtained from the dispersion equation. at certain critical aperture of the channel, an interesting cutoff effect, which is unusual for an acoustic wave, is observed for one of the eigenmodes with symmetric distribution of the pressure field. the theoretical prediction of the coupling and synchronization of Rayleigh waves strongly supports the experimentally measured shift of the resonant frequencies in the transmission spectra with channel aperture. the observed high level of absorption may find applications in designing metamaterial acoustic absorbers.