The study of Narrative is still considered important to the study of literature. Much like diagramming a sentence, you can create a visual (or algebraic) representation of the narrative structure of any novel or extended work of prose. Try this one:
Dad screws up and Mom packs up the Kid to move far away and begin a new life. They find themselves in an enchanted land and the Kid meets the local equivalent of Prince Charming. Despite her clumsiness, the Prince and the Kid fall in love but the Prince’s evil advisors feel that an unattached prince is better to profit from the kingdom’s raging female hormones so the Kid is hustled off the scene. Sometime later the Kid is selling cookies at the market when the Prince arrives, sees his true love, and courageously announces his love to all the world. The Prince and the Kid clinch over crumbled cookies … The End.