λ calculus is a universal model of computation from the 1930s that treats functions anonymously. It can be typed or untyped. Some examples include the identity function λx· x and function application (λx· x)y = y. The document then provides examples of Church encodings for booleans, numbers, subtraction, division/modulus, lists with operations like map and fold, and generating the FizzBuzz sequence in this functional style.