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Differential pay is compensation paid to employees for working outside their normal hours or taking on additional work. This type of premium pay is a useful tool for employers to compensate employees in unusual circumstances or unfavorable working conditions.
A differential equation is an equation which contains one or more terms and the derivatives of one variable (i.e., dependent variable) with respect to the other variable (i.e., independent variable) dy/dx = f(x) Here x is an independent variable and y is a dependent variable. For example, dy/dx = 5x.
The differential method transforms the Maxwell equations into a two-point boundary value problem (BVP) of ordinary differential equations (ODEs).
Types of Differential Equations Ordinary Differential Equations. Partial Differential Equations. Linear Differential Equations. Nonlinear differential equations. Homogeneous Differential Equations. Nonhomogeneous Differential Equations.
The Laplace transform is a very efficient method to solve certain ODE or PDE problems. The transform takes a differential equation and turns it into an algebraic equation. If the algebraic equation can be solved, applying the inverse transform gives us our desired solution.

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This is the Euler method (or forward Euler method, in contrast with the backward Euler method, to be described below). The method is named after Leonhard Euler who described it in 1768. The Euler method is an example of an explicit method.
The methodology of differential games is a combination of optimal control theory and game theory. It is the natural framework for economic analysis with strategic interaction and dynamical optimization. The theory gained traction by seminal papers in the early seventies, and it gradually found its way into economics.
Differentiation is a method of finding the derivative of a function. Differentiation is a process, in Maths, where we find the instantaneous rate of change in function based on one of its variables. The most common example is the rate change of displacement with respect to time, called velocity.

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