Entity-Relationship (ER) diagrams define the conceptual views of databases, representing real-time entities and their relationships. They consist of elements such as entities, attributes (including simple, composite, multivalued, and derived), and various types of relationships (one-to-one, one-to-many, many-to-one, and many-to-many). ER diagrams also involve classifications like entity sets, relationship sets, and cardinality, along with concepts of generalization, specialization, and inheritance.