Recent years have seen an increasing interest in the study of continuous-time computational models. However, not so much has been done with respect to setting up a complexity theoretic framework for such models. The present paper intends to go a step into this direction. We consider problems over the real numbers which we try to relate to Lyapunov theory for dynamical systems: The global minimizers of particular energy functions are supposed to give solutions of the problem. The structure of such (...) energy functions leads to the introduction of problem classes U and NU; for the systems we are considering they parallel the classical complexity classes P and NP. We then introduce a notion of reducibility among problems and show existence of complete problems for NU and for PU, a polynomial hierarchy of continuous-time problems.For previous work on the computational capabilities of continuous-time systems see the surveys by Cris Moore [9] and by Pekka Orponen [10]. Our paper presents a step into the direction of creating a general framework for a complexity theory of continuous-time systems as outlined in [10]. It is closely related to work done by A. Ben-Hur, H. Siegelmann, and S. Fishman [12, 11]. (shrink)