What this suffix does
The suffix -ology (or -logy when the root already ends in a vowel) means "study of" or "science of". From "bio" (life) you get "biology"; from "psych" (mind) you get "psychology"; from "techn" (craft) you get "technology". It is one of the most productive scientific suffixes in English: almost any field of knowledge can add -ology to name its discipline.