Literary theory and cultural analysis form the backbone of comparative literature studies. These approaches provide tools to dissect texts, uncovering layers of meaning and cultural significance. From formalism to postcolonialism, various theoretical lenses offer unique perspectives on literature's role in society. This unit explores key concepts, historical development, and major theoretical approaches in literary studies. It examines influential thinkers, practical application techniques, and intersections with other disciplines. Contemporary debates and future directions in the field are also discussed, highlighting the evolving nature of literary and cultural analysis.