Epistemilogy - Theory of Knowledge.
Epistemilogy -> aa + ips + it + tam + loka + ay
'aa' -> prefix for "towards"
'ips' -> verb root for "to wish to obtain"
'it' - suffix for Past Passive Particple, that converts a Verb Root to Verbal, Adjective and Noun Form indicating Past Tense with Passive voice. "t" is the main suffix and man y times it is optionally joined with "i" before "t". Other letters possible are "n", "dh", "T", and "Dh", besides "t", where "T" and "Dh" are Hard and Soft Unaspirated Sounds Cerebrals.
'tam' - suffix for Superlative - like "Ist" and "est" for English.
'loka' - world, the stage on which the Ultimate Reality or Consciousness Plays upon - the - the Knowledge and Theory behind.
'aya' - suffix for Adjective - indicating Potential Participle or Gerundive - something that needs to be done or followed.
So what could be "towards the wish to obtain the best "world" or the "theory" or "knowledge" behind.
You decide if the meaning comes cose to the meaning in the English word.
One can also write as "aa + paa + Ist + Tam + Loka + ya".
'aa' - means 'Towards'.
'paa' - means 'To Obtain' - ' Pa' and 'Paa' are same.
'iSt' - 'most desired' - like related to God and Knowledge is the essence of God.
'tam' - superlative suffix.
'lok' - 'world, domain, field, knowledge or God where shines'.
'aya" - suffix for Adjective - indicating Potential Participle or Gerundive - something that needs to be done or followed.
Again you decide if the word meaning comes close to the English word.