Wave phenomena appear in a wide range of applications such as full-waveform seismic inversion, medical imaging, or composite materials. Often, they are modeled by the acoustic wave equation. It can be solved by standard numerical methods such as, e.g., the finite element (FE) or the finite difference method. However, if the wave propagation speed varies on a microscopic length scale denoted by epsilon, the computational cost becomes infeasible, since the medium must be resolved down to its finest scale. In this thesis we propose multiscale numerical methods which approximate the overall macroscopic behavior of the wave propagation with a substantially lower computational effort. We follow the design principles of the heterogeneous multiscale method (HMM), introduced in 2003 by E and Engquist. This method relies on a coarse discretization of an a priori unknown effective equation. The missing data, usually the parameters of the effective equation, are estimated on demand by solving microscale problems on small sampling domains. Hence, no precomputation of these effective parameters is needed. We choose FE methods to solve both the macroscopic and the microscopic problems. For limited time the overall behavior of the wave is well described by the homogenized wave equation. We prove that the FE-HMM method converges to the solution of the homogenized wave equation. With increasing time, however, the true solution deviates from the classical homogenization limit, as a large secondary wave train develops. Neither the homogenized solution, nor the FE-HMM capture these dispersive effects. To capture them we need to modify the FE-HMM. Inspired by higher order homogenization techniques we additionally compute a correction term of order epsilon^2. Since its computation also relies on the solution of the same microscale problems as the original FE-HMM, the computational effort remains essentially unchanged. For this modified version we also prove convergence to the homogenized wave equation, but in contrast to the original FE-HMM the long-time dispersive behavior is recovered. The convergence proofs for the FE-HMM follow from new Strang-type results for the wave equation. The results are general enough such that the FE-HMM with and without the long-time correction fits into the setting, even if numerical quadrature is used to evaluate the arising L^2 inner product. In addition to these results we give alternative formulations of the FE-HMM, where the elliptic micro problems are replaced by hyperbolic ones. All the results are supported by numerical tests. The versatility of the method is demonstrated by various numerical examples.