The document discusses asymptotic analysis and asymptotic notation. It introduces asymptotic complexity as the running time of an algorithm expressed using the highest-order term as the input size grows large. Asymptotic notation like O, Ω, Θ, o, ω are defined to describe how functions grow relative to each other. Big-O notation represents asymptotic upper bounds, Big-Ω represents lower bounds, and Big-Θ represents tight bounds. Limit definitions are provided for the notations. Examples are used to prove classifications of functions into the notations. The importance of asymptotic analysis is that it describes how algorithms scale and determines if they are tractable for large problem sizes.