1. CHAPTER 6
Component
Theories of
Human Resource
Development

2. Psychology and the Discipline of HRD
Chapter 6 – Component Theories of
Human Resource Development
Chapter Outline
Introduction
Psychology and the Discipline of HRD
--Contributed by Elwood F. Holton III
Economics, Human Capital Theory, and HRD
--Contributed by Richard J. Torraco
Systems Theory as a Foundation for HRD
--Contributed by Wendy E. A. Ruona

3. Psychology and the Discipline of HRD
--Contributed by Elwood F. Holton III
• Psychology and HRD
• Emerging Foundational
Theories of Psychology
• Limits of Psychology
• Summary

4. Economics, Human Capital Theory, and Human Resource Development
--Contributed by Richard J. Torraco
• What is Economics?
• What is Human Capital Theory?
• Human Capital Theory and
Human Resource Development

5. Systems Theory as a Foundation for HRD
--Contributed by Wendy E. A. Ruona
• What Is Systems Theory?
• Why Systems Theory?
• The Support Provided to
HRD by Systems Theory
• Summary

6. REFLECTION
QUESTIONS
• What aspect of psychological theory interests you the most? Why?
• What aspect of economic theory interests you the most? Why?
• What aspect of systems theory interests you the most? Why?
• How do you see that the three component theories working together for HRD?