The θ-term is also known as the axion term and it's simply the F∧F term known to particle physicists. In a more condensed-matter-friendly language,
ΔL=θ(e22πh)→B⋅→E
I don't know the optimum starting point but you may begin with
http://arxiv.org/abs/1001.3179
and its followups and references. More generally, the θ-term means the integral of the anomaly polynomial. Note that the anomaly polynomial is a nice gauge-invariant expression - but in higher dimensions. The actual anomaly in the original spacetime is related to it by several operations.
This post imported from StackExchange Physics at 2014-04-11 15:46 (UCT), posted by SE-user Luboš Motl