The Collaborative International Dictionary of English v.0.48:
Horology \Ho*rol"o*gy\, n. [See Horologe.] The science of measuring time, or the principles and art of constructing instruments for measuring and indicating portions of time, as clocks, watches, dials, etc. [1913 Webster]WordNet (r) 3.0 (2006):
horology n 1: the art of designing and making clocks