This lecture provides an introduction to the course, focusing on the history of technology and its impact on development. The instructor discusses the importance of a flipped classroom approach, emphasizing group work and collaboration. The session includes a historical overview starting with key figures like James Watt and Adam Smith, highlighting their contributions to the industrial revolution and economic theory. The lecture also addresses the consequences of technological advancements, including environmental damage and imperialism, referencing Mahatma Gandhi's views on technology's role in society. The instructor introduces concepts from economists like Fritz Schumacher and Milton Friedman, discussing the balance between profit and social responsibility. The lecture concludes with a focus on social entrepreneurship and the potential for technology to drive sustainable development, encouraging students to engage in real-life projects that address social issues. The session aims to stimulate interest and prepare students for their upcoming group projects, emphasizing the importance of understanding the historical context of technology in development.