What do we mean when we let the universal set be the class of all sets? How do I intuitively think about this? Do I just think of it as a collection of all sets? Also, is the Axiom of Regularity a part of ZFC?
I have to prove a statement in the class of all sets, but I'm not sure what I'm supposed to assume since I've no idea what a class is (besides the definition 'a collection which is not a set because it causes paradoxes i.e Russel's paradox)
The following is meant to be a clarification of Ross Millikan's post:
In most commonly used set theories, we define classes (sometimes known as virtual classes) as a collection of sets satisfying some property. More precisely: Let $\phi(x, y_1, \ldots, y_n)$ be a formula in the language of set theory and let $p_1, \ldots, p_n$ be sets (parameters). Then $$ C = \{x \mid \phi(x, p_1, \ldots, p_n \} $$ is a (virtual) class and, at least in $\mathrm{ZFC}$, all classes are of this form - for varying $\phi$ and $p_1, \ldots, p_n$.
As an example consider $V$ - the class of all sets. $V$ is a class in the above sense since $$ V = \{ x \mid x = x \}. $$ As another example consider $P$ - the class of all pairs. $P$ is a class since $$ P = \{ x \mid \exists y \exists z \colon x = (y,z) \}. $$
We can use $P$ to form another class, the class $X$ of all pairs whose first coordinate is a natural number: $$ \begin{align*} X & = \{ x \mid x = (y,z) \in P \wedge y \in \mathbb N \} \\ &= \{ x \mid \exists y \exists z \colon x = (y,z) \wedge y \in \mathbb N \}. \end{align*} $$
It's also useful to note that given two classes $A,B$ the intersection of those two - call it $A \cap B$ - is a class. Here is why:
Fix formulas $\phi, \chi$ and parameters $p_1, \ldots, p_m, q_1, \ldots, q_n$ such that $$ A = \{x \mid \phi(x, p_1, \ldots, p_m) \}, $$ $$ B = \{x \mid \chi(x, q_1, \ldots, q_n) \}. $$ Then $$ A \cap B = \{ x \mid \phi(x, p_1, \ldots, p_m) \wedge \chi(x, q_1, \ldots, q_n) \}. $$
And, as you might imagine, there are many more ways in which we can combine known classes in order to generate new ones.