1. Abstract - How does it begin?
2. Orientation - Who/what does it involve, and when/where?
3. Complicating Action - Then what happened?
4. Resolution - What finally happened?
5. Evaluation - So what?
6. Coda - What does it all mean?
Studying this structure helps us understand how people encode information about the world on a personal level. Much of it is applicable to narrative discourse, especially the short story, though not necessarily in this order.
"The more we understand the nature of narrative, the more we understand ourselves."