Idea. Use parametric differentiation: \(\dfrac{dy}{dx}=\dfrac{(dy/d\theta)}{(dx/d\theta)}\). Trig double-angle simplifies nicely.
Step 1.
\(dy/d\theta=b\cdot 2\sin\theta\cos\theta=b\sin2\theta.\)
Step 2.
\(dx/d\theta=a\cdot 2\cos\theta(-\sin\theta)=-a\sin2\theta.\)
Step 3.
\(\dfrac{dy}{dx}=\dfrac{b\sin2\theta}{-a\sin2\theta}=-\dfrac{b}{a}\).