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This lecture covers the concept of named tuples and dataclasses in Python, starting with the explanation of tuples and the advantages of using named tuples. It then delves into the flexibility provided by dataclasses for basic data modeling. The instructor demonstrates the implementation of named tuples and dataclasses through examples, emphasizing the importance of methods, inheritance, and proper file handling. Additionally, the lecture explores reading and writing text files, as well as parsing data from CSV files. The session concludes with a summary highlighting the benefits of using named tuples and dataclasses for efficient data manipulation.