This document discusses key concepts in literary criticism and theory. It defines literary criticism as the analysis, interpretation and evaluation of works of literature, while defining literary theory as presenting assumptions that underlie our understanding of language and meaning. The document explains that every reader approaches a text with some kind of literary theory, whether conscious or not. It also notes that a text can have multiple valid interpretations, and discusses different types of criticism like theoretical criticism, practical criticism, absolutist criticism and relativist criticism. The goal of the class is for students to understand these fundamental concepts in literary analysis.