Hahaha that sounds like an awesome dream! Superpowers AND wizardry?

I don't think that they called it anything other than magic. There seemed to be a certain amount of mental focus to successfully cast spell, and do potions (which required a magic word element so it was more than just chemistry), so it is a bit more than saying the word and it happens (also supported by the fact that, i think, there was an advanced class to do spells without speaking, or maybe I'm thinking of dungeons and dragons...). I'm sure with a quick google we can find out a bit more about HP magic physics.