I have a 2002 Lancer OZ Rally. I need to know if this vehicle has a camshaft or crankshaft position sensor or both. Also, where are they located. Thanks in advance.

 

both.
the crank sensor is on the crankshaft, behind the timing cover.
the cam sensor is on the rear of the cylinder head.

 

I'm trying to learn all the different components of the ignition system. Can anyone describe all the components with the correct Mitsubishi names for each component in the 2002 Mitsubishi Lancer 2.0 L? I'm talking from ECM all the way down to the spark plug.

 

yeah, but you could just go down to your dealer and get a Factory Service Manual.
its the manual that the techs use