A differential equation is an equation that contains a derivative such as dy/dx. It describes how fast something changes. In this topic you first build the equation from words. The phrase rate of change means a derivative with respect to time, and proportional to means equals a constant k times.
You then solve it by separating the variables: move everything with y to the dy side and everything with x to the dx side, then integrate both sides. This gives the general solution, which contains a constant c.
A given condition, such as y = 3 when x = 0, fixes the value of c and gives the particular solution. You may then be asked what the solution means, for example what happens as t becomes large.