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We design the first efficient sensitivity oracles and dynamic algorithms for a variety of parameterized problems. Our main approach is to modify the algebraic coding technique from static parameterized algorithm design, which had not previously been used in a dynamic context. We particularly build off of the "extensor coding" method of Brand, Dell and Husfeldt [STOC'18], employing properties of the exterior algebra over different fields. For the k-Path detection problem for directed graphs, it is known that no efficient dynamic algorithm exists (under popular assumptions from fine-grained complexity). We circumvent this by designing an efficient sensitivity oracle, which preprocesses a directed graph on n vertices in 2^k poly(k) n^{ω+o(1)} time, such that, given 𝓁 updates (mixing edge insertions and deletions, and vertex deletions) to that input graph, it can decide in time 𝓁² 2^kpoly(k) and with high probability, whether the updated graph contains a path of length k. We also give a deterministic sensitivity oracle requiring 4^k poly(k) n^{ω+o(1)} preprocessing time and 𝓁² 2^{ω k + o(k)} query time, and obtain a randomized sensitivity oracle for the task of approximately counting the number of k-paths. For k-Path detection in undirected graphs, we obtain a randomized sensitivity oracle with O(1.66^k n³) preprocessing time and O(𝓁³ 1.66^k) query time, and a better bound for undirected bipartite graphs. In addition, we present the first fully dynamic algorithms for a variety of problems: k-Partial Cover, m-Set k-Packing, t-Dominating Set, d-Dimensional k-Matching, and Exact k-Partial Cover. For example, for k-Partial Cover we show a randomized dynamic algorithm with 2^k poly(k)polylog(n) update time, and a deterministic dynamic algorithm with 4^k poly(k)polylog(n) update time. Finally, we show how our techniques can be adapted to deal with natural variants on these problems where additional constraints are imposed on the solutions.