The first line in the quote now in the question defines a function $f$ of variable $n$. The last line is about how fast (the output of) that function grows when $n$ grows towards $+\infty$.
Both statements $f(n) = Ω(n^3 \log n)$ and $f(n) = ω(n^3 \log n)$ are about how fast $f(n)$ grows relative the function $g$ defined by $g(n)=n^3\log n$. The first statement roughly tells that $f(n)$ grows no slower than $g(n)$, while the second tells that $f(n)$ grows faster. Both statement are true, and easily shown so when we look at the definition of $f$ and $g$.
Update following comment:
- The statement is strictly about the value taken by $f(n)$, not about the difficulty (time, space, cost) to compute $f$. What that value taken by $f(n)$ represents is not stated by the notation. It's not part of the definition of $f$. It could be stated by what defines the quantity $f$$f(n)$ represents. That couldwould often be time, or space, or taken by some algorithm. It could be the value of an integer like an RSA public modulus; we can't tellmodulus. That's untold in the question, or the whole appendix A.2 with the question's quote.
- "grows faster" is not really the same as "greater". Sorry, to be precise, we need the mathematical definitions.
That's using a so-called (Bachmann-)Landau notation, which makes an unusual use of the $=$ sign: equality usually features transitivity. It takes some time to get used to it.
Anything more specific won't meet the "high level explanation" requirement in the question. But if we read a few lines above the question's quote in the book, or about (Bachmann-)Landau notation, the definitions are given.
It holds $f(n) = ω(g(n))\;\implies\;f(n) = Ω(g(n))$. That's why the sentence has $\text{in fact}$, often used to introduce a stronger or more precise statement, like: That's good. In fact, it's delicious.
Roughly speaking, the notation means that when $n$ grows: $$\begin{array}{ll} f(n) = \omega(g(n))&f(n)\text{ grows faster than }g(n)\\ f(n) = \Omega(g(n))&f(n)\text{ grows no slower than }g(n)\\ f(n) = \Theta(g(n))&f(n)\text{ grows as fast as }g(n)\\ f(n) = \mathcal O(g(n))&f(n)\text{ grows no faster than }g(n)\\ f(n) = o(g(n))&f(n)\text{ grows slower than }g(n)\\ \end{array}$$