As a PhD candidate in Dynamical Systems, I would interpret this as a discussion about the more qualitative aspects of the PDE. Example topics (that would fall under a discussion of the dynamical system generated by a PDE acting on the space of possible initial conditions) might include
* Are there any steady-state solutions? Periodic solutions?
* Do these steady-state/periodic solutions attract or repel nearby initial conditions?
* What is the asymptotic behavior of solutions as $t \to \pm \infty$?
* Is there any _sensitive dependence on initial conditions_? I.e., do initial conditions that are "close" drift apart or converge? How quickly does this happen--linearly/exponentially / ... ?