Setting is time and place. You should be able to infer the setting of any piece of literature. Setting helps you understand the characters. Suspense is what makes the reader want to know what's coming next. Coincidence and chance play a part in suspense and plot.
Plot is the simplest element of fiction.
Character is, perhaps, the second. It's a toss-up whether symbol or theme is third. Symbols are figures of speech which have a value in themselves, but also an additional meaning. A flag is a nice piece of patterned cloth which can decorate a wall or hang on a pole outside somewhere. It also can be symbolic of patriotism.