A phase diagram shows the equilibrium conditions between thermodynamically distinct phases at different temperatures and compositions. It plots temperature versus composition. The document discusses unary, binary, ternary and quaternary phase diagrams. It provides details on eutectic, eutectoid, peritectic and peritectoid phase diagrams. Gibbs' phase rule and condensed phase rule are also explained. An example iron-iron carbide binary phase diagram is shown and key areas like the eutectoid point are indicated.