Multilayered composites, designed to combine the properties of reflective metals and transparent dielectrics, have the potential to revolutionize optical microscopy, control emission of molecules, and even to enable cloaks of invisibility. However, until now the advantages achieved with multilayered structures have been limited. Decreasing layer thickness, reducing absorption, and implementing optical gain have been named as some of the possible ways to advance the optics of multilayered media towards its revolutionary potential. In this project, our collaborative team will aim to understand, through carefully designed experimental, computational, and analytical studies, the optical response of free-electron plasma that underlines the photonics of multilayered composites. Of particular interest will be the limits of small layer thickness where quantum-mechanical effects are expected to manifest themselves, and the interaction between optical gain and loss. The program will present new opportunities for engaging students in interdisciplinary research and thus improve competitiveness of the US high-tech workforce. The team members will also implement a number of outreach events to broaden participation of school-aged and undergraduate students in STEM.