Well, set theory in a nutshell is the mathematics of sets of things. Basically the mathematics of categorization of items.
For example, you could talk about the set of all of the socks in your sock drawer (call it Sd), and the set of all of the white socks in your house (call it Sw).
These are distinct mathematical sets. Sets have elements (specific socks). They have a size in terms of the number of elements (not always finite, but chances are you’ll deal with finite sets).
You can perform intersections of the sets, producing another set. Note that Sd and Sw overlap. So Sd intersect Sw is the set of all white socks in your sock drawer, the intersection, or common elements, of both.
You can union the sets, producing another set. Sd union Sw are all of the socks in your drawer plus all of the white socks of the house. Some are counted twice, but you ignore the duplication. You still describe a set of items.
Negating a set produces another set. Negate Sd is the set of all socks not in your drawer. This overlaps with Sd, of course, but also includes all other socks in the universe (assuming we restrict our universe to talking about socks).
There are other operations too, but this isn’t a math course.
Set theory is very powerful because it can be used in more abstract ways to discuss mathematics, to count things, to prove things about collections and categorizations, etc.
For example, you could use it to prove that the set of all integers is infinite (in size), and that the set of all even integers is also infinite, and that oddly enough they are the same size. This is likely to be outside the bounds of your course, but properties like this can be significant.
Proving things being inside or outside of very complex combinations of sets can help you identify its properties, be they physical objects or mathematical entities.