That five-year-old dinosaur expert who can tell a trilobite from a pterodactyl and tell you which thrived during the Jurassic period? She’s a budding paleontology expert.
Scientific language aims at clarity, and scientists generally speak to each other in Greek and Latin. The commonly used suffix -ology comes from Greek, and it means "the study of." The prefix paleo means "old." So, paleontology is the study of that which is old — really, really old. The word paleontology entered the English language in the 19th century, just as scientists were making a systematic effort to analyze fossil records.