Piaget's theory of cognitive development proposes four universal stages through which children's thinking progresses as they interact with the world: sensorimotor, preoperational, concrete operational, and formal operational. The document outlines Piaget's key concepts including schemes, assimilation, accommodation, and equilibration. It then describes the stages in detail, noting their age ranges, main characteristics, and limitations/achievements. The document concludes with discussing applying Piaget's theory to educational practice and creative thinking activities.