The document discusses three key issues in developmental psychology: nature vs nurture, continuity vs discontinuity, and universal vs context-specific development. It then summarizes three major theories: Piaget's cognitive-developmental theory which emphasizes innate stages of cognitive development influenced little by environment; Erikson's psychosocial theory which views development as proceeding through innate psychosocial stages with strong environmental influences; and social cognitive learning theory which sees development as the gradual accumulation of learned behaviors through modeling and reinforcement from the environment.