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In April 1980, the University of Michigan's Economics Department marked its 100th anniversary. Over its prestigious history, the department has been home to numerous renowned academics and government leaders. Those interested in learning more about the department's background can explore "Economics and the World Around It," a compilation of symposium papers from the 1980 centennial event, edited by Saul Hymans and released by University of Michigan Press in 1982. Economists find employment across diverse sectors including banking, corporate industries, consulting firms, global organizations, and government bodies at all levels, alongside academic institutions. Pursuing graduate studies is essential for those aiming to become professional economists. A Ph.D. is typically mandatory for teaching roles at four-year colleges and for senior positions within federal economic agencies.