A standard canonical quantization of general relativity yields a time-independent Schroedinger equation whose solutions are static wavefunctions on configuration space. Naively this is in contradiction with the real world where things do change. Broadly speaking, the problem how to reconcile a theory which contains no concept of time with a changing world is called 'the problem of time'. In this seminar we shall study this problem using a reformulation of Newtonian mechanics due to Jacobi (Jacobi's timeless mechanics) which allows one to study the problem of time without all the technical difficulties present in quantized general relativity. We show explicitly that Jacobi's timeless mechanics is a straightforward counterexample to the claim that all first class constraints generate gauge transformations, i.e. physically indistinguishable states. The implications of this is unclear. By making use of deBroglie-Bohm trajectories we derive a necessary and sufficient condition for a time-dependent Schroedinger equation to emerge for subsystems. The importance of 'strong' entanglement between subsystem and environment for the emergence of time is stressed.