The document discusses the key components of human memory including sensory memory, short-term memory, and long-term memory. It explains how information is encoded and stored in each type of memory. The standard model of memory involves encoding, storage, and retrieval of information over time. There are different categories of long-term memory including declarative, episodic, implicit, and prospective memory. Forgetting can occur through passive decay, retrieval failure, or neurological damage. Various mnemonic techniques can be used to improve memory retention and recall.