Is it possible to infer the time evolving quantum state of a multichromophoric system from a sequence of two-dimensional electronic spectra (2D-ES) as a function of waiting time? Here we provide a positive answer for a tractable model system: a coupled dimer. After exhaustively enumerating the Liouville pathways associated to each peak in the 2D-ES, we argue that by judiciously combining the information from a series of experiments varying the polarization and frequency components of the pulses, detailed information at the amplitude level about the input and output quantum states at the waiting time can be obtained. This possibility yields a quantum process tomography (QPT) of the single-exciton manifold, which completely characterizes the open quantum system dynamics through the reconstruction of the process matrix. In this manuscript, we present the general theory as well as specific and numerical results for a homodimer, for which we prove that signals stemming from coherence to population transfer and vice versa vanish upon isotropic averaging, therefore, only allowing for a partial QPT in such case. However, this fact simplifies the spectra, and it follows that only two polarization controlled experiments (and no pulse-shaping requirements) suffice to yield the elements of the process matrix, which survive under isotropic averaging. Redundancies in the 2D-ES amplitudes allow for the angle between the two site transition dipole moments to be self-consistently obtained, hence simultaneously yielding structural and dynamical information of the dimer. Model calculations are presented, as well as an error analysis in terms of the angle between the dipoles and peak amplitude extraction. In the second article accompanying this study, we numerically exemplify the theory for heterodimers and carry out a detailed error analysis for such case. This investigation reveals an exciting quantum information processing (QIP) approach to spectroscopic experiments of excitonic systems, and hence, bridges an important gap between theoretical studies on excitation energy transfer from the QIP standpoint and experimental methods to study such systems in the chemical physics community.