The document discusses Angular 2, its components, templates, styles, and how to create and use child components. Angular 2 uses components instead of controllers, has unidirectional data flow, simplified services, and an easier learning curve compared to Angular 1. Components are directives with templates that make up Angular 2 apps. Templates contain HTML and styles define visual styles. Child components exist within parent components and communication between them can be achieved through input/output binding and events. Services are used to perform CRUD operations separately from components.