Diodes are semiconductor devices that allow current to flow in only one direction. There are several types of diodes including p-n junction diodes, Schottky diodes, light emitting diodes, and tunnel diodes. Diodes have symbols that specify their type and are used in various applications such as radio demodulation, power conversion, over-voltage protection, and more. They play an important role in converting alternating current to direct current in many devices.