Myth definition:
a traditional story, especially one concerning the early history of a people or explaining some natural or social phenomenon, and typically involving supernatural beings or events.
a widely held but false belief or idea.
Mythology:
collection/study of myths
So, @KeshavSrinivasan's comment :
And by the way, while the word myth has these two disparate meanings in English, the word mythology has only one meaning and that is related to the non-pejorative usage of the word myth, i.e. "a traditional story, especially one concerning the early history of a people or explaining some natural or social phenomenon, and typically involving supernatural beings or events."
doesn't seem to have google's blessing, since mythology is just a collection of myths, which could mean collection of facts, or collection of lies.
Suppose there was a word called 'blakawaka', which had these 2 meanings:
something that happened in the past that people believe
something that did not happen in the past that people believe
and blakawakology:
collection/study of blakawakas
Will we now use the blakawakology tag for questions asking about mahabharata/ramayana ?