This paper is an exposition of the theory of the hyperspaces 2^X and C(X) of a topological space X. These spaces are obtained from X by collecting the nonempty closed and nonempty closed connected subsets respectively, and are topologized by the Vietoris topology. The paper is organized in terms of increasing specialization of spaces, beginning with T1 spaces and proceeding through compact spaces, compact metric spaces and metric continua. Several basic techniques in hyperspace theory are discussed, and these techniques are applied to elucidate the topological structure of hyperspaces.

Robust states exist at the interfaces between topologically trivial and nontrivial phases of matter. These boundary states are expression of the nontrivial bulk properties through a connection dubbed the bulk-boundary correspondence. Whether the bulk is topological or not is determined by the value of a topological invariant. This quantity is defined with respect to symmetries and dimensionality of the system, such that it takes only quantized values. For static topological phases that are realized in ground-states of isolated, time-independent systems, the topological invariant is related to the properties of the Hamiltonian operator. In contrast, Floquet topological phases that are realized in open systems with periodical pumping of energy are topologically characterized with a unitary Floquet operator i.e., the time-evolution operator over the entire period. Topological phases of matter can be distinguished by the dimensionality of robust boundary states with respect to the protecting bulk. This dissertation concerns recently discovered higher-order topological phases where the difference between dimensionalities of bulk and boundary states is larger than one. Using analytical and numerical single-particle techniques, we focus on instances where static higher-order topology can be understood with insights from the mature field of Floquet topology. Namely, even though static systems do not admit a Floquet description, we find examples of higher-order systems to which certain unitary operators can be attributed. The understanding of topological characteristics of these systems is therefore conditioned by the knowledge on topological properties of unitary operators, among which the Floquet operator is well-known. The first half of this thesis concerns toy models of static higher-order topological phases that are topologically characterized in terms of unitary operators. We find that a class of these systems called quadrupole topological insulators exhibit a wider range of topological phases than known previously. In the second half of this dissertation, we study reflection matrices of higher-order topological phases and show that they can exhibit the same topological features as Floquet systems. Our findings suggest a new route to experimental realizations of Floquet systems, the one that avoids noise-induced decoherence inevitable in many other experimental setups.