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This lecture covers the basics of Python programming, focusing on flow control structures, interactive mode, script mode, code structure, instructions, expressions, assignments, and the concept of variables. It explains how Python code is processed, executed, and compiled, emphasizing the importance of syntax and indentation. The lecture also delves into the concepts of logical lines versus physical lines, keywords, identifiers, and expressions. Additionally, it discusses the execution of Python programs, the role of assignments, and the use of compound assignment operators. The session concludes with an overview of Python's dynamic typing, strongly typed nature, native data types, and built-in constants.