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This lecture covers dynamic programming as a method to solve problems with a repetitive sequential structure, focusing on the example of calculating binomial coefficients. It explains the recursive approach, the inefficiency of recursive solutions, and the transformation into a more efficient dynamic programming algorithm. The complexity of the recursive approach is analyzed, leading to the introduction of a dynamic programming solution that optimizes computation by storing previously calculated values. The lecture concludes by highlighting the importance of memoization in dynamic programming, illustrated through the Pascal's triangle example.