Magic realism or magical realism is an aesthetic style or genre of fiction  in which magical elements are blended into a realistic atmosphere in order to access a deeper understanding of reality (http://www.princeton.edu/~achaney/tmve/wiki100k/docs/Magic_realism.html).
We've engaged in some interesting conversations about what it means to "access a deeper understanding of reality" in the context of our class texts. Here is a list of class favorites:
1) "The Handsomest Drowned Man in The World," Gabriel Garcia Marquez
5) The Metamorphosis, Franz Kafka