This is because dynamic keyword is a new C# keyword. So we need to import Microsoft.CSharp.dll.
Here is offical document: http://msdn.microsoft.com/en-us/library/dd264736.aspx the very first sentence:
"
Visual C# 2010 introduces a new type, dynamic.
"
C# example:
dynamic d1 = 7;
dynamic d2 = "a string";
dynamic d3 = System.DateTime.Today;
dynamic d4 = System.Diagnostics.Process.GetProcesses();