Since 2000, the study of metamaterial has been a very hot topic due to its potential
applications in many areas such as design of invisibility cloak and sub-wavelength imaging.
Although several metamaterial models are often used by physicists and engineers, the study
of their mathematical properties has lagged behind. In this paper, we initiate our investigation
in the plasma-Lorentz model. More specifically, we first discuss the well-posedness of
this model, then develop two fully-discrete finite element methods for solving it. Detailed
stability and error analysis are carried out, and 3-D numerical results justifying our theoretical
analysis are presented.