Let $x$ and $y$ be continuously differentiable real-valued functions defined on $\mathbf{R}$ and suppose that $x'(t) = f\,(x(t),y(t))$ and $y'(t) = g(x(t),y(t))$ where $f$ and $g$ are continuously differentiable on $\mathbf{R}^2$. According to the ODE book I am reading, if $f$ is never 0, then \[ \frac{dy}{dx} = \frac{g(x,y)}{f(x,y)} \] \[ y(x_0) = y_0 \] where $x_0,y_0$ are constants, is an initial value problem.
Now what does $dy/dx$ mean here? Is it just the function $y'(x)$? Or is the author being sloppy and $x$ is actually a dummy variable? If the former is true, how is this an initial value problem? Normally, an initial value problem is given as $y'(t) = h(y(t),t)$, $y(t_0) = y_0$ where $t$ is variable.
PS. Why is it that ODE books are sloppy with notation and unshamefully nonrigorous?