Welcome to our next exciting lesson, where we introduce the basics of Dynamic Programming — a powerful method for solving optimization, combinatorics, and other complex problems. Dynamic Programming provides an approach to solving problems by breaking them down into subproblems and storing the results of certain calculations that are likely to be used again. This method helps avoid repetitive calculations, thus enhancing the efficiency of algorithms.

One introductory problem that demonstrates the use of Dynamic Programming is factorial computation. Typically, computing the factorial of N using recursion involves repeatedly solving the same smaller subproblems, leading to exponential time complexity. By utilizing Dynamic Programming through memoization, we can store the results of these solved subproblems in a memoization table. This allows us to check the table for existing results before recalculating them, effectively reducing redundant computations and significantly improving time efficiency.

Here is what the solution looks like in Go:

1. Checking the Memoization Table: Before performing any calculations, we check if the result for the given n is already stored in the memo map using val, found := memo[n]. If found, we return this result, thus avoiding redundant calculations.

2. Base Case Handling: The base case for factorial computation is when n is 0 or 1, and the result is 1. We handle this explicitly in the function.

3. Memoization and Recursion: If the result is not in the map, we calculate it recursively and store it using memo[n] = n * factorial(n-1, memo) for future use. This process reduces the time complexity by minimizing repeated calculations.

Remember, understanding Dynamic Programming requires a different mindset; it is all about recognizing and solving interrelated subproblems. Take a pause and let this approach sink in. Next up, we dive deep into practice problems to shape up your Dynamic Programming skills. We aim to provide you with the ability to simplify complex problems into smaller, manageable tasks to achieve efficient and effective solutions. Get ready to jump in!