A simple unsteady blade element analysis is used to account for the effect of the trailing wake on the induced velocity of a wind turbine rotor undergoing fast changes in pitch angle. At sufficiently high tip speed ratio, the equation describing the thrust of the element reduces to a first order, nonlinear Riccti's equation which is solved in a closed form for a ramp change in pitch followed by a constant pitch. Finite tip speed ratio results in a first order, nonlinear Abel's equation. The unsteady aerodynamic forces on the NREL VI wind turbine are analyzed at different pitch rates and tip speed ratio, and it is found that the overshoot in the forces increases as the tip speed ratio and/or the pitch angle increase. The analytical solution of the Riccati's equation and numerical solution of Abel's equation gave very similar results at high tip speed ratio but the solutions differ as the tip speed ratio reduces, partly because the Abel's equation was found to magnify the error of assuming linear lift at low tip speed ratio. The unsteady tangential induction factor is expressed in the form of first order differential equation with the time constant estimated using Jowkowsky's vortex model and it was found that it is negligible for large tip speed ratio operation.