A lot of this depends on what your overall goal is for learning Python. Are you viewing it as learning a second language or getting a better understanding of computers and how to effectively use a programming language?
From what it sounds like you want to gain a better understanding about computers and be a better programmer. Learning a new languages such as Python will probably not help you in this respect. I still recommend learning Python if you're interested, but once you have learned one programming language, much of learning a new language is getting familiar with the syntax and data types (usually).
You had mentioned you were unsure about understanding the material in the class you took. If you feel you don't understand fundamental concepts (such as loops, classes, etc), then learning Python will help your understanding of programming as most books/guides revisit these concepts (Learning Python, 3rd Edition should help with this). If you understand these concepts, but you are unsure of how to apply these concepts, then my recommendation would be to learn about data structures and common algorithms (e.g. sorting, searching, etc).
Speaking from personal experience, I didn't know how to apply what I learned from the introductory programming class to personal programming projects. Learning about data structures from a class helped solidify those concepts I had previously learned by providing algorithms/data structures that build off of this previous knowledge. This class also allowed me to think differently about problems in terms of using these data structures.
To learn about the different types of data structures, see: http://en.wikipedia.org/wiki/List_of_data_structures. Usually, each data structure is useful for a specific purpose (e.g. binary search trees are good for searching sorted information). Unfortunately, I don't have any book recommendations (our class didn't use a book). Googling "Data Structures" should be a good starting point.
Data structures also got me to think about how efficient an implementation is. The "complexity" of an algorithm determines how long a given piece of code takes to run. This makes it easy to compare other implementations and determine which is better.
I would also like to comment that when it comes to learning computer concepts, the best way to learn is by doing. A book/class can only explain so much, and the rest you have to learn on your own. Each person learns differently, and programming is a way of taking the material you read about and think about it in a way that is best understood by you.
I hope I answered your question. At this point, you don't really need to worry about the underlying hardware. This is useful to know if you plan on doing this as a career (which you aren't), or want to make optimizations specific to the hardware you're running on (in which case, you wouldn't want to use Python). Python is a good choice to learn about data structures as it implements a lot of them for you, but it's important to know what they are used for.
If you are still in school, take a data structures class and see what you think of it. If you like it, I'd advise reconsidering the role of programming/CS in your career. You don't have to major in it, but consider a minor or at least a position that makes use of these skills you are learning. I say this because despite this not being your major, you are interested in understanding how a computer works and taking initiatives such as learning Python, building your own computer, and installing Linux.
If you have any further questions, feel free to ask. Good luck!