yeah and if you have a discrete valuation on a larger field than $\Bbb C(z)$ (but still a finite extension), you restrict it down to $\Bbb C(z)$ that gives you a discrete valuation on that, which we understand and then there's some general theory that tells you how discrete valuations behave under finite extensions (I learned that in ANT, which is probably the place most persons encounter this valuation stuff)
This valuation stuff also describes ramification: the ramification of a point depends on the number of ways you can extend the valuation, relative to the degree of extension