Coming back to the real world - as real as Formula 1 cars, let's assume - finite element method (abbreviated FEM) is the "dominant discretization technique in structural mechanics." It's based on subdiving the model/representation into simpler components called... *tada* elements.
Meshing of a gear drive
Degrees of freedom and unknown functions
Now, if you took robotics (which sounds a lot cooler when you mention it in conversations then what you actually studied at your university - at least in my case) you might recall what degrees of freedom (DOF) are. They are the (unknown) functions which characterize the response of each finite element.
To get a feel of "degrees of freedom": an automobile with highly stiff suspension can be considered to be a rigid body traveling on a plane (a flat, two-dimensional space). This body has three independent degrees of freedom consisting of two components of translation and one angle of rotation. Skidding or drifting is a good example of an automobile's three independent degrees of freedom.
(3 x 2) degrees of freedom