I was given the following exercise.
Consider the nonlinear dynamical system
$\dot{x}=x^3-2xy, \dot{y} = x^2-y$
(a) Find all fixed points.
(b) Determine whether each fixed point is linearly stable or not and draw its local phase portrait.
I am not sure about (b).
My attempt:
(a) To find the fixed points, we need to solve $x^3-2xy=0,x^2-y=0$. The first equation is equivalent to $x(x^2-2y)=0$, so we have $x=0$ or $x^2-2y=0$. Substituting $x=0$ into $x^2-y=0$ yields $y=0$, hence we have a fixed point $(0,0)$. Now, substituting $x^2-2y=0$ into $x^2-y=0$ yields $y=2y$, so $y=0$. Substitute back and we get $x=0$. Again we get a fixed point $(0,0)$. Therefore the fixed point is $(0,0)$.
(b) Let $f=x^3-2xy, g=x^2-y$. Then we have $f_x=3x^2-2y, f_y=-2x, g_x=2x, g_y=-1$. Therefore the Jacobian at $(0,0)$ is $\begin{pmatrix} 0 & 0 \\ 0 & -1 \end{pmatrix}$. We can easily see that the eigenvalues of this matrix is $0$ and $-1$, and the corresponding eigenvectors are $(1,0), (0,1)$, respectively.
Now here's the question. In the lecture, nothing was talked about fixed points with zero eigenvalues. So I am not really sure how to proceed.
By naively applying the linearization, we have a linear approximation of the form $Av_1e^{0t}+Bv_2e^{-1t}=Av_1+Bv_2e^{-t}$ where $A, B$ are some constant and $v_1=(1,0)^t$ and $v_2=(0,1)^t$ are eigenvectors. Since $t\to \infty$ does not yield the origin, I felt like this is not stable(because a stable point is like a black hole, right?), but I am not really sure.
Also, I am not sure how to draw a phase plane.


From the wikipedia article:
Thus, if there is a zero eigenvalue, then the system is not linearly stable.
The phase portrait is shown in the picture:
As we can see, the equilibrium point is asymptotically stable.