This document is a thesis submitted by Renas Rajab Asaad to Eastern Mediterranean University in partial fulfillment of the requirements for a Master of Science degree in Computer Engineering. The thesis investigates the neuronal dynamics under noisy rate functions. It employs exact Markov simulations and analytical models like the Fox-Lu model, Linaro-Storace-Giugliano model, and Güler model to study the effects of noise in the rate functions of ion channel gates on neuronal dynamics. The study aims to provide a more detailed account of the phenomenon outlined by Güler regarding noisy rate functions in small neurons. Results from the different models are presented and compared.