Manual is too complex for me. I checked the manual - Av is setting the Aperture value, and Tv stands for Time value.
That's different from Nikon, I have A for aperture, S for shutter and P for programmed.
I can choose either, and the camera will adjust the appropriate other. So is it better to manually set the Aperture or Shutter speed? (I couldn't do both)
Again, it depends on what you want to achieve, if you see that your subjects are moving and they are blurred, then use Tv, where you set the time value to low, and the camera will chose the right aperture to get a good exposure.
If you see that not all the subjects are in focus and you want them to be, then use A and set the aperture value higher (until you get the desired depth of field). The camera will set the exposure time, most likely to longer exposure time to compensate for the higher aperture.
Both aperture and shutter speeds control the exposure, and they complement each other. You can get the same exposure with different sets of values. By doubling the aperture you let twice as more light reach the lens, therefore you need half the time the shutter is open. Reducing the aperture reduces the amount of light that enters, so you need to keep the shutter open for longer.
Additionally, aperture affects depth of field (see Taimi's description), shutter speed affects nothing, but with longer speeds it's harder to "catch the insant" (if you try to get a car moving at 50mph at a shutter speed of 0/10 second, the car will be blurred, no matter what the aperture you use).
Re, aperture and depth of field, you could take a look at the image below:
I focused on the whip of the last man (closest to me) and used a very high aperture (f/1.4). Had I used smaller aperture(f/3.5) the second man would have been in focus too, creating a less striking effect. It's important to note that depth of field depends also on how far the subjects are from you. The farther the subject the bigger the depth of field, so if you focus on a person 50m from you, you will get everything in focus around them, regardless of the aperture. Had these men been farther, I could not have taken the same picture.
