First-order differential equations involve derivatives of the first order.
They are widely utilized in modeling real-world phenomena, such as population dynamics, heat transfer, and more.
- They consist of equations where a function and its first derivative summarize a system's rate of change.
- These equations can often be represented in the form \(M(x, y) dx + N(x, y) dy = 0\), like our exact differential equation example.
In exact differential equations, solutions are found by utilizing the condition of exactness: \(\frac{\partial M}{\partial y} = \frac{\partial N}{\partial x}\).
This simplifies solving since it allows integrating directly to find the potential function.
Once the potential function is known, the solutions, effectively the integral curves, are described by it.
First-order differential equations are fundamentally crucial in fields spanning physics, engineering, finance, and beyond.