Economics Undergraduate Commencement

Economics Undergraduate Commencement - Online Custom Essay Writing Service

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]

• dissertation proposal is done perfectly with all points covered
• chapter by chapter delivery of the work
• keeping a flow of all the work and logical sequence
• realistic data collection and data mining activities
• justified research design and methodology;
• plagiarism free work and custom written
• complete ownership of the work once you are satisfied with it.

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]

Guarantees of PapersLounge.com - Dissertation Writing Assistance

• Papers Lounge offer plagiarism free, custom written dissertations
• All dissertation writing projects are done with direct interaction of writer which includes Dissertation proposal writing help as well.
• You can opt to plan, discuss and complete all parts of dissertation
• Payments are flexible and you can pay in installments
• Big discounts are available for students booking their full dissertation assistance with us
• PhD qualified, native dissertation writers for your work
• Economical and affordable services that is always light on your pocket
• Revisions, re-write options and 100% satisfaction for your work

Economics Undergraduate Commencement

>>> GOOD EVENING TO THE CLASS OF 2019. MY NAME IS PAUL RHODE. IT'S MY PLEASURE TO WELCOME TO THE COLLEGE'S COMMENCEMENT TO CELEBRATE YOUR IMMIGRATION WITH YOUR FRIENDS, YOUR FAMILY AND YOUR FACULTY. ALWAYS BEFORE GRADUATION I LOOK FOR AN EVENT, THE ANNIVERSARY, A BICENTENNIAL POEM, AS A HOOK FOR MY REMARKS. YESTERDAY I CLOSED THE DEPARTMENT OFFICE TO TRY TO FIND SOMETHING TO SAY. THE STAFF CAME UP WITH MANY SUGGESTIONS. SOMEBODY BROUGHT IN A BALLOON, SOMETHING ABOUT THE FUTURE IS BRIGHT. I HAD SOME THOUGHTS ABOUT THIS AND I SAID I SHOULD JUST FOCUS ON A FEW WORDS. >> FIRST, I WANT TO HARDLY GRADUATE YOU TO THIS WONDERFUL ACHIEVEMENT. IT IS A HUGE STEP. GIVE YOURSELVES A ROUND OF APPLAUSE. [ APPLAUSE ] >> SECOND, I WANT TO CONGRATULATE YOU, THOSE WHO SUPPORTED YOU AS WELL. TONIGHT YOU JOIN OR 25,000 FELLOW ECONOMICS ALUMNI. YOU'LL MEET GRADUATES WHEREVER YOU GO AND WHEREVER YOU ARE, COME BACK AND STAY IN TOUCH OFTEN. IT MY GREAT PLEASURE NOW TO WELCOME TO THE PODIUM JIM. WELCOME TO THE PODIUM, JIM. JIM IS THE PROFESSOR OF ORGANIZATION AND CORPORATE FUNNY AND A PROFESSOR OF ECONOMICS. ALSO, THE DIRECTOR OF UNDER GRAD STUDIES. >> GOOD EVENING. A VERY SPECIAL GOOD EVENING TO THE CLASS OF 2019. [ CHEERING ] [ APPLAUSE ] >> I AM DELIGHTED TO BE CELEBRATING WITH YOU THIS MAGNIFICENT OCCASION TONIGHT. FOR MANY YEARS I PARTICIPATED THE FLORIDA DIFFERENT KIND OF EVENT FOR PARENT AND STUDENTS. IT'S CALLED COMPOS DAY AND IT'S A PROGRAM FOR HIGH SCHOOL SENIORS WHO APPLIED TO MICHIGAN, WERE ACCEPTED TO MICHIGAN, TRYING TO DECIDE WHETHER OR NOT TO COME HERE. CALM DAY IS A DAY OF QUESTIONS. JUST AS CAMPUS DAY IS A DAY OF QUESTIONS,. IS TODAY A DAY OF ANSWERS. FOR THOSE OF YOU WHO ARE GRADS, THE ANSWERS TO THE FIRST THREE ARE CLEAR. YOU CHO MICHIGAN, YOU CHO ECONOMICS, YOU ARE RECEIVING ONE OF THE MOST DEMANDING DEGREES OF ECONOMICS THIS UNIVERSITY OFFERS. [ APPLAUSE ] BUT WHAT ABOUT THE ANSWER TO THE LAST QUESTION, THE MOST IMPORTANT QUESTION, THE QUESTION ABOUT INTELLECT, GROWTH, AND DEVELOPMENT. ONLY YOU CAN ANSWER THAT QUESTION DEFINITELYIVELY, BUT I MYSELF CAN SAY THIS. ONE YEAR AGO, I TAUGHT A LEFT ARM LECTURE COURSE AIMED AT FRESHMAN IN THE LSA HONORS PROGRAM. THE TITLE WAS CAPITALISMS IN THE PLURAL, THE MANY FORMS THAT CAPITALISM HAS TAKEN OVER THE CENTURIES AND ACROSS THE GLOBE. IT WAS A WONDERFUL EXPERIENCE FOR ME, AN OPPORTUNITY TO EXAMINE EVERYTHING FROM THE MERCHANT CAM LIMP OF GERMANY, TO ENGLAND TO TODAY. WITH ME ARE, WHAT MADE THAT EXPERIENCE,. EXCITING FOR ME WAS NOT JUST THE SUB, BUT THE STUDENTS. THE STUDENTS WERE TERRIFIC. EXTREMELY INTELLIGENT, EXTREMELY EAGER TO PARTICIPATE IN CLASS DISCUSSIONS AND EXTREMELY QUICK TO LEARN. THIS SEMESTER, I TAUGHT A COURSE WITH THE SAME TITLE. CAPITALISMS. BUT THIS VERSION OF THE COURSE WAS DESIGNED FOR SENIORS MAJOR IN ECONOMICS. THESE STUDENTS WERE ALSO TERRIFIC. INTELLIGENT, EAGER, AND QUICK TO LEARN. AND YET THESE STUDENTS WERE DIFFERENT FROM THE STUDENTS IN THE FRESHMAN VERSION. MOST OF MY STUDENTS THIS SEMESTER HAD ALREADY SPENT THREE YEARS AT MICHIGAN STUDYING LOTS OF ECONOMICS AND IT SHOWED. IN ADDITION TO INTELLIGENCE AND QUICKNESS AND EAGERNESS THEY HAD OTHER QUALITIES. >> FIRST, THEY KNEW HOW TO THINK ABOUT IDEAS AND EVENTS. SECOND, THEY HAD A DEEP UNDERSTANDING OF HOW TO DO ECONOMIC ANALYSIS. THIS IS THE REAL MICHIGAN DIFFERENCE. THIS IS THE REAL REASON WHY THOSE WHO STAY IN ECONOMICS ADD MICHIGAN WILL INDEED BE INTELLECTUAL CHAMPIONS.. WHAT ACCOUNTS FOR THIS DIFFERENCE? TRUE, MICHIGAN ECONOMICS IS HARD. BUT HARD IS NOT THE SAME THING AS MIND BUILDING. I MYSELF TRIBUTE THE INTERLECTURERUAL VALUE TO A DEGREE IN ECONOMICS FROM MICHIGAN TO THREE FACTORS. >> FIRST, PARTLY ATTRIBUTABLE TO THE FACULTY. SINCE 1880, WHEN THE DEPARTMENT WAS CREATED, FOUR MEMBERS OF OUR FACULTY HAVE BEEN PRESIDENTS OF THE AMERICAN ECONOMIC, SO, THE PROFESSIONAL ORGANIZATION TO WHICH MOST CARD CARRYING ECONOMICS BELONG. IN WASHINGTON, THREE OF THE PRESIDENT'S ECONOMIC ADVISORS AND ONE HAS BEEN THE GOVERNOR OF THE FEDERAL RESERVE SYSTEM. ON THIS VERY STAGE TONIGHT, PROFESSOR KATHERINE SEATED TO MY LEFT HERE WAS NOMINATED BY PRESIDENT OBAMA TO SERVE AS ANOTHER MICHIGAN GOVERNOR OF THE FED. WHEN I WAS AN UNDERGRADUATE STUDYING ECONOMICS FAR AWAY FROM ANN ARBOR, MY ENGLISH READING BOOKS WERE FULL OF ARTICLES WRITTEN BY MEMBERS OF THE MICHIGAN FACULTY. WITH YOU FACULTY ARE NOT THE ONLY TEACHES IN THE UNDERGRADUATE PROGRAM. MANY CLASSES HAVE DISCUSSION SECTIONS AND THESE ARE LED BY IMMIGRATION STUDENTS. IT'S IMPORTANT TO RELY -- MANY OF OUR ALUMNI GO TO TO DISTINGUISHED CAREERS AT LEADING UNIVERSITIES, LEADING LIBERAL ARTS COLLEGE OR THE GOVERNMENT OR PRIVATE SECTOR. AS IMPORTANT AS THE FACULTY AND GRADUATES ARE, WE SHOULD NOT FORGET THE THIRD AND MOST IMPORTANT REASON WHY THE STUDY OF ECONOMICS AT MICHIGAN IS. REGARDING. THAT IS THE EXPOSURE EACH STUDENT IN THE MAJOR HAS TO ALL THE OTHER STUDENTS IN THE MAJOR. TAKEN INDIVIDUALLY, MICHIGAN ECONOMIC STUDENTS ARE LOADED WITH TALENT AND DRIVE. CONSIDERED AS A COMMUNITY, HOWEVER, MICHIGAN ECONOMICS IS LOADED WITH ENERGY AND STIMULATION. WHERE DO THE ENERGY AND THE ESTIMATION COME FROM? THEY COME FROM THE DIVERSITY OF THE STUDENT BODY. THIS DIVERSITY TAKES EVERY FORM IMAGINABLE. AS A RESULT, WHENEVER WE EXPLORE AN ISSUE IN CLASS, OUR STUDENTS BRING AN AMAZINGLY RICH VARIETY OF LIFE APPEARANCES TO THE CONVERSATION. KNOWLEDGE AND WISDOM WHEN MORE ON THE RING OF BOOKS AND THE TRANSDESCRIPTION OF LECTURES. THEY DEPEND ON CONTINUALLY BEING FORCED TO REEXAMINE 11'S INTENTIONS. HALF OF MY COLLEAGUES, TO THOSE OF YOU WHO ARE PARENTS, I SAY THANK YOU. THANK YOU FOR SHARING YOUR CHILDREN WITH US. AND TO STUDENTS, AND MANY OF YOU WHO KNOW ABOUT THE DOUGHNUTS, I SAY THANK YOU FOR MAKING OUR CLASSROOMS. STIMULATING. THANK YOU FOR BRINGING SUCH SATISFACTION TO ME AND MY COLORADO AT THE UNIVERSITY OF MICHIGAN. [ APPLAUSE ] >> BEFORE I BEGIN THE NEXT PORTION OF OUR PROGRAM I WANT TO REPEAT SOMETHING I SAID AT A DIFFERENT CEREMONY EARLIER TODAY. SOMETHING ABOUT THE PERSON WHO SPOKE BEFORE ME. THE PERSON WHO CHAIRS THE ECONOMICS DEPARTMENT, MY COLLEAGUES AND MY FRIEND, PAUL RODEY. PRETTY SOON HE'LL BE COMPLETING HIS POSITION AS CHAIR OF ECONOMICS. HE IS A DEDICATED TEACHER OF UNDER GRADUATES AND GRAD WENT STUDENTS ALIKE. HE HAS MAINTAINED HIS REPUTATION UNIVERSALLY HELD INSIDE AND OUTSIDE THE DEPARTMENT FOR BEING A PERSON DEEPLY COMMITTED TO INTEGRITY. I AM GRATEFUL TO HAVE THE OPPORTUNITY FOR HIS LEADERSHIP AND WE ALL OWE HIM AN IMMENSE ROUND OF APPLAUSE AT THIS TIME. [ APPLAUSE ] >> I WOULD LIKE NOW TO INTRODUCE OUR FEATURED SPEAKER THIS EVENING, MISS MARY ELLEN COE. HER RESUME TELLS ABOUT HER ACCOMPLISHMENTS. BEFORE JOINING -- GHOUL HE WILL SHE FINES TIME TO SERVE ON THE BOOING OF DIRECTORS OF OTHER CORPORATIONS. SHE IS A DIRECTOR OF MERCK'S, THE MAJOR PHARMACEUTICAL COMPANY. PREVIOUSLY SHE WAS ON THE BOARD AT WHOLE FOODS, HELPING THAT COMPANY THROUGH ITS ACQUISITION BY AMAZON. CLOSER TO CAMPUS SHE IS ON THE ADVISORY BOARD OF THE ROTH SCHOOL OF BUSINESS. TO ME, HOWEVER, MISS COE IS MORE THAN A RESUME. SHE IS A STORMY STUDENT OF MINE. ECONOMICS 330. 1988. FULL TERM. I WILL NOT EVEN ATTEMPT TO DESCRIBE YOU TO THE PLEASURE I HAVE HAD CONVERSING WITH HER 30 YEARS LATER ABOUT SUCH THINGS AS ANTITRUST POLICY, THE EUROPEAN UNION AND, OF COURSE, BREAKS I.T. YOU CAN UNDERSTAND, I TRUST, WHY IT IS NOT JUST AN HONOR TO INTRODUCE MISS MARY ELLEN COE. [ APPLAUSE ] >> THANK YOU, PROFESSOR, WITH THAT VERY KIND INTRODUCTION. HELLO, GRADUATES. HE IS SEEMED FACULTY AND PROUD PARENTS AND EXCITED FRIENDS, BUT MOST IMPORTANT TO THE GRADUATES. THE CLASS OF 2019. A BIG HEARTFELT CONGRATULATIONS TO ALL OF YOU. [ APPLAUSE ] >> IT IS SUCH AN AMAZING FEELING FOR ME TO BE BACK AT THE UNIVERSITY OF MICHIGAN SPOKING ON COMMENCEMENT DAY. I GRADUATED AT THE UNIVERSITY ALONG WITH MY BROTHER AND SISTER AND I'M INCREDIBLY PROUD TO SAY THAT MY DAUGHTER WHO IS JUST TURNING 18, COMMITTED TO THE UNIVERSITY THIS WEEK,. SHE'LL BE VERY PROUD TO JOIN THE CLASS OF 200023. [ APPLAUSE ] >> NEARLY 30 YEARS AS PROFESSOR ADAMS REFERENCED I WAS SITTING HERE IN THE VERY SAME PLACE AS YOU. THERE WAS A LOT THAT WAS DIFFERENT. IN FACT, THE WORLDWIDE WEB WAS JUST BEING STARTED. IN FACT, JUST A LITTLE BIT AFTER THAT. TO GOOGLE SOMETHING WAS NOT EVEN A VERB THAT WAS KNOWN, RIGHT? GOOGLE DIDN'T EVEN 60s THE POST IF I THINK BACK TO THAT TIME ONE OF THE IMPORTANT THINGS TO REMEMBER WAS IN 1989,ING MICHIGAN WON THE NCAA BASKETBALL TOURNAMENT AND THE ROSE BALL ALL IN THE SAME YEAR. THOSE WERE SOME INCREDIBLE MEMORIES.. I DO REMEMBER A LOT ABOUT THAT.. WHILE I CAN'T SAY I REMEMBER EVERYTHING, I DO REMEMBER THE FEELING OF WEARING THE CAP AND AGAIN AT THAT TIME AND THE SHEER JOY THAT I FELT AND IF I REMEMBER I FELT RELIEF, I FELT A LITTLE BIT PRIDE AND IF I'M HONEST I FELT A LOT OF TREPIDATION. YOU SEE MUCH LIKE YOU MY PATH TO GRADUATION WAS A PRETTY LINEAR ONE. YOU KNEW HOW TO FOLLOW THE REQUIREMENTS, YOU LEARNED WHAT CLASS RIMS TO TAKE AND HOW THE GET THE GRADE AND YOU CHECKED BOX ALONG THE WAY, RIGHT? I BEEN A PRETTY CLEAR AND STRAIGHTFORWARD PATH. HOWEVER NOW YOU SIT HERE WITH AN INCREDIBLY WIDE OPEN FUTURE, WITH. MANY OPTIONS IN FRONT OF YOU, AND SUDDENLY THE PATH NO LONGER FEELS. WELL PRESCRIBED,. ONE OF THE FUN THINGS ABOUT WORKING AT GOOGLE IS SEEING SEARCH TRENDS. ACCORDING TO GOOGLE SEARCHING FOR DREAM JOBS HAS INCREASED 133% THE LAST THREE YEARS.. THIS IS A BIG TOPIC IN EVERYONE'S MINDS. FINDING A DREAM JOB IS PROBABLY NOT THE RESULT OF ONE GOOGLE SEARCH AND PROBABLY NOT EVEN ONE SPECIFIC JOB. IT'S REALLY A JOURNEY OF SELF DISCOVERY AND TAKES A LOT OF TRIAL AND ERROR.. I WANT TO SHARE A FLASHBACK WITH YOU. JUST ABOUT THIS TIME BACK WHEN I WAS GRADUATING I WAS LASER FOCUSED ON MY DREAM JOB. WHEN I WAS NEARING GRADUATION I WAS INCREDIBLY COMPETENT. IT WASN'T JUST ONE COMPANY, IT WAS JUST ONE JOB AT THAT COMPANY. I'LL JUST CALL IT DREAM JOB. IN MY MIND I WAS JUST THE CANDIDATE FOR THEM. IT WAS TRULY DESTINY. BE FLASH FORWARD, I RECEIVED A LETTER IN THE MAIL AND I CAN CLOSE MY EYES AND I CAN SEE THE WORDS TODAY AND I BET YOU KNOW WHAT THOSE WORDS ARE. "I REGRET TO FORMER YOU." I WAS. STUNNED -- TO INFORM YOU. I SAID YOU MADE A MISTAKE, THIS IS A LOVE MATCH, RIGHT? BE. [ LAUGHTER ] IT WAS. STUNNING TO ME THAT IT TIPPED MY WORLD, MY UNIVERSE ON ITS AXIS. THE IMPORTANT THING IT WAS AT THAT POINT I HAD TO REDO MY FUTURE. TODAY THERE ARE LOTS OF WORDS OF ADVICE THAT I WOULD LOVE TO 55 TO THAT 22-YEAR-OLD SELF, ME, WHO WAS STANDING THERE WITH THAT LETTER OF REGRET IN MY HAND AND LITTLE DID I REALIZE THAT THE BEST WAS YET TO COME.. HERE GOES. FIRST, FIND OUT WHAT ENERGIZES YOU GRADUATES AND FIND OUT HOW TO DO MORE OF IT. REMEMBER MY 22-YEAR-OLD GIRL SELF GOT CAUGHT UP IN A BRAND AND A TITLE.. I WANT TO SHARE A PERFECT EXAMPLE OF THIS IS SITTING WITH US IN THIS AUDITORIUM TODAY.. PROFESSOR ADAMS APTLY SAID BACK IN 1988 I HAD HIM MORE E CONSENT 330. I TRY TO BLOCK A LOT OF THAT TIME-OUT. THE BIG LECTURE HALLS, WHO IS GETTING TIRED OF WALKING TO SECTION IN THE SNOW AND COLD. BUT THERE IS ONE CLEAR IMPRESSION THAT RECALL STOOD OUT IN MY MEMORY AND THAT WAS PROFESSOR ADAMS AND THE ENTHUSIASM THAT HE BROUGHT TO HIS LECTURES. THE SHEER INTENSITY AND PASSION HE BROUGHT TALKING ABOUT ECONOMIC CONCEPTS AND CASES AND THEORIES. AND EVEN IF MY CLASSMATES WERE A LITTLE BIT SLEEPY IN THE MORNING AND SOMETIMES HUNG OVER, RIGHT, HE CAME WITH THE SAME PASSION AND ENTHUSIASM.. THIS PAST SEPTEMBERRIZE REACHED OUT TO PROFESSOR ADAMS, I WAS ON CAMPUS. THIS WAS 31 YEARS LATER. AS HE MENTIONED WE HAD A LUNCH AND WE TALKED ABOUT THE MARKET FORCES IN EUROPE THAT WERE IMPACTING GOOGLE. HE TOLD A VERY IMPORTANT STORY ABOUT THE BEER INDUSTRY AND HOW THE BROADCAST WORLD HAD SHAPED THE BAVARIAN BEER INDUSTRY. AS HE TOLD THE STORY, REMEMBER I HAD NOT SEEN HIM IN 31 YEARS, HE LIT UP WITH THE SAME ENTHUSIASM THAT HE DEMONSTRATED ON THIS STAGE TODAY AND CERTAINLY DEMONSTRATE STATED AT THAT LUNCH. HE WAS. ENERGIZED ABOUT WHAT HE WAS DOING.. THAT LUNCH MADE ME REFLECT ON MY CAREER AT THAT POINT IN TIME. I THOUGHT ABOUT WHAT GIVES ME THAT SAME LEVEL OF ENERGY AND SATISFACTION THAT PROFESSOR ADAMS STILL SEEMS TO HAVE ABOUT WHAT HE'S DOING TODAY. AND THIS IS THE REALLY IMPORTANT THING HERE. KNOWING WHAT ENERGY JESUS YOU, IT'S REALLY A LIFELONG PROCESS. IT REQUIRES YOU, GRADUATES, TO TAKE TIME TO REFLECT. THINKING OF MY DREAM JOB, I REALIZED I WAS MORE EXCITED ABOUT HOW PRESTIGIOUS THE COMPANY WAS THAN REALLY HAVING ANY DEGREE OF CERTAINTY ABOUT WHETHER WHAT I WOULD HAVE BEEN DOING WOULD HAVE BEEN ENERGIZING TO ME. OVER TIME I'VE LEARNED AN INCREDIBLE AMOUNT ABOUT WHAT I'M PASSIONATE ABOUT.. SOME MOMENTS OF CLARITY CAME TO ME IN THE SHOWER. WELL, KIND OF. I WAS DOING WORK, RESEARCH, FOR THE GLOBAL HAIR CARE COMPANY AND WE HAD TO OBSERVE CONSUMERS IN THE SHOWER WASHING THEIR HAIR TO WATCH THEIR HABITS AND PRACTICES. AND TRUST ME, THEY WERE ALL ABOVEBOARD AND THEY WERE ALL SIGNED UP AND ALL WEARING BATHING SUITS. THAT IS WHEN I REALIZED THAT I REALLY GOT A KICK TRYING TO UNDERSTAND PEOPLE'S BEHAVIORS AND HOW IT INFLUENCED THE PRODUCT CHOICES AND DECISIONS THEY MADE. NOW I'VE DONE RESEARCH ON PET LOVERS, WHAT WE REFER TO DOTING PARENTS WHO TREAT THEIR PETS TO FILETS AND STYLE THEIR FUR, I'VE DONE TREMENDOUS RESEARCH ON BEER, WINE, AND SPIRITS AND HOW THE TIME OF DAY AND YOUR INCOME AND YOUR GENDER AND WHAT REGION YOU LIVE IN IMPACTS YOUR CHOICES. IN FACT, GRADUATES I COULD PROBABLY PREDICT WHAT YOU'RE GOING TO BE DOING THIS WEEKEND AND WHAT CHOICES YOU ARE GOING TO BE MAKING. THE GOOGLE SEARCHES ARE ANY INDICATION YOU WILL LIKELY BE ON THE HUNT FOR CRAFT BEER BECAUSE SEARCH TRENDS FOR CRAFT BEER OVER THE PAST THREE YEARS HAVE INCREASED, WAIT FOR IT, 2800%.. IF THAT RESONATES WITH ANY OF YOU ASHLEYs, WE'LL PROBABLY BE ON YOUR STUFF THIS WEEKEND. TO THIS DAY I READ COUNTLESS BOOKS ON CONSUMER BEHAVIOR AND BEHAVIORAL ECONOMICS AND IT IS STILL A BIG PART OF MY JOB TODAY. BUT SOME OF YOU WILL BE VERY LUCKY AND YOU MIGHT KNOW RIGHT NOW WHAT REALLY YOU LOVE TO DO. BUT MANY OF YOU HONESTLY WILL NOT HAVE THE PAINT HE IS IDEA RIGHT NOW. AND THAT'S OKAY, RIGHT? YOU'VE BEEN FOCUSED ON YOUR REQUIREMENTS AND GETTING GOOD GRADES AND THAT'S OKAY. BUT NOW IS THE TIME, GRAD, NOW IS THE TIME TO STEP BACK AND REFLECT. YOU NEED TO HAVE YOUR OWN SHOWER MOMENT. YOU HAVE HONED YOUR SKILLS. DON'T WASTE IT ON -- WHERE YOU PERFORM, LEARNING THAT, WHERE YOUR PERFORM AT YOUR BEST, IS A LIFELONG JOURNEY. SOMETIMES IT REQUIRES TRIAL AND ERROR. I EQUATE IT TO BUMPER CARS. YOU DRIVE, BUMP, PIVOT. THERE MIGHT BE A LITTLE OF WIPE LASH ALONG THE WAY, BUT IT'S GOING TO FEEL UNCERTAIN BUT INCREDIBLY FREEING BECAUSE IT ALLOWS YOU TO EMBRACE WHAT'S UNIQUE ABOUT YOU AND THAT'S GOING TO BRING ME TO MY NEXT POINT. WE'RE IN AN INCREDIBLE AUDITORIUM OF. MUCH TALENT. I WANT EVERYONE TO LOOK AROUND AT ALL THE TALENT. LOOK BACK HERE IN THE FRONT ROW, LOOK BACK. YOU ARE SURROUNDED BY AN AMAZING GROUP OF GRADUATES. AS PRESIDENT -- PROFESSORRED A EMS SAID A VERY PRESTIGIOUS UNIVERSITY.. NOW TAKE A MOMENT AND CONSIDER WHAT MAKES YOU STAND OUT FROM THIS CROWD? WHAT MAKES YOU UNIQUELY AMAZING? WE ALL HAVE A SET OF TALENTS AND EXPERIENCES. OUR SKILLS, OUR CHARACTER STRENGTHS, OUR CULTURAL IDENTITY, OUR BACKGROUND. NOW I WANT YOU TO DOUBLE DOWN ON THAT AND GET OUT THERE AND TELL YOUR STORY. I'VE INTERVIEWED A TREMENDOUS NUMBER OF TALENTED CANDIDATES OVER THE YEARS WITH LOADS OF DEGREES AND LOTS OF ANALYTIC PROWESS AND TREMENDOUS LEADERSHIP ACCOMPLISHMENTS. THAT IS ALL GREAT. IT'S REALLY WONDERFUL. IF YOU'RE NOT CAREFUL THAT CAN MAKE YOU AN ALGORITHM OR FORMULA AND WHAT I WANT TO KNOW IS I WANT TO KNOW, GRADUATES, WHAT MAKES YOU DIFFERENT. I WANT TO KNOW YOUR STORY.. LET ME SHARE A LITTLE BIT ABOUT MY STORY. I GREW UP AS THE YOUNGEST OF SIX CHILDREN, THE DAUGHTER OF A PLUMBING CONTRACTOR WHO DID NOT GO TO COLLEGE. MY PARENTS STARTED ROBERT COE PLUMBING AND HEATING IN A TOWN IN MICHIGAN JUST ABOUT 45 MINUTES FROM HERE BACK IN 1957. FOR A LONG TIME -- OH, AND I MUST MENTION, THAT COMPANY PUT ALL SIX OF US, ALL OF MY BROTHERS AND SISTERS THROUGH UNIVERSITY. NOW FOR A LONG TIME, I SHIED AWAY FROM THIS STORY BECAUSE FRANKLY WHEN I WAS AT UNIVERSITY I WANTED TO FIT IN. I REMEMBER WRITING JOB RESUMES AND MY ROOMMATE HAD A FATHER WHO IS AN EDUCATOR IN THE "NEW YORK TIMES." HE COULD PROVIDE TREMENDOUS HELP WRITING RESUMES. AND MY FATHER HAD NEVER WRITTEN A RESUME, RIGHT? HE DIDN'T KNOW HOW TO HELP ME. AND I FELT A LITTLE BIT EMBARRASSED AND A LOT LIKE I WAS MISSING OUT. I DIDN'T HAVE THE SAME LEG UP AS MY FRIENDS DID AND I DIDN'T HAVE THE SAME BUILT-IN BUSINESS NETWORK. HOWEVER, YEARS LATER I COULD KICK MYSELF. BECAUSE WHAT I REALIZED WAS HOW MUCH MY FAMILY EXPERIENCE SHAPED ME. MY FATHER WAS AN ENTREPRENEUR, AND ENTREPRENEUR WHO STARTED HIS OWN BUSINESS AND MANAGED AND LED IT THROUGH A MAJOR RECESSION. HE WAS A POWERFUL COMBINATION OF DEDICATION AND POSITIVITY AND RESILIENCE. GROWING UP, I CAN'T REMEMBER A MORNING WE DIDN'T WALK OUT THE DOOR TO HIS SHOP WITH A WINK IN HIS EYE AND A SPRING IN HIS STEP. HE USED TO TAKE ME TO CUSTOMER VISITS, HE USED TO TAKE ME TO LUNCH AND HE ALWAYS HAD A GENUINE SMILE FOR F CUSTOMER THAT HE MET. NOW WHEN I WAS NINE YEARS OLD HE.COM OWN CANCER, AND WITH SIX CHILDREN OF SCHOOL AGE, MY MOTHER WHO IS HERE TODAY WENT BACK -- DECIDED TO GO BACK TO DO HER ACCOUNTING DEGREE. AND THE TRUTH OF THE MATTER IS SHE PROBABLY WOULD HAVE BEEN A CEO IF SHE HADN'T BEEN RUNNING AROUND MANAGING SIX CHILDREN AND MY FATHER'S BUSINESS AT THAT TIME. GOING BACK TO WHAT IS UNIQUELY AMAZING ABOUT YOU, MY PARENTS TAUGHT ME THE POWER OF POSITIVITY AND RESILIENCE AND REALLY IMPORTANT, THE IMPORTANCE A VERY STRONG COMMUNITY OF THE PEOPLE YOU WORK WITH, MAKING SURE THAT PEOPLE FEEL VALUED AND ENJOY COMING TO WORK EVERY DAY. AND THOSE TRULY ARE IS THE QUALITIES I SHAPED AS I BECAME A LEADER. EACH OF YOU GRADUATES, YOU HAVE. MUCH INDIVIDUALLY TO OFFER. BIG DEEP -- DIG DEEP AND FIGURE OUT WHAT MAKES YOU UNIQUELY AMAZING, AND PLEASE ADOPTED BE AFRAID TO TELL YOUR STORY BECAUSE IT'S GOING TO HELP YOU STAND OUT AMONG ALL THE OTHERS ALONG THE WAY. WHICH BRINGS ME TO MY THIRD AND FINAL POINT. DON'T PUT LIMITS ON YOUR POTENTIAL. WHAT MAKES YOU AMAZING REALLY CAN AND SHOULD EVOLVE. AND IT'S YOUR RESPONSIBILITY, RAISE YOUR HANDS, TAKE ON NEW CHALLENGES, TAKE ON NEW EXPERIENCES, EVEN IF THEY FEEL INCREDIBLY UNCOMFORTABLE, WHICH THEY OFTEN ALWAYS DO. YOU KNOW, I OFTEN FIND THAT YOU'LL FACE LIMITATIONS, YOU MIGHT EVEN LIMIT YOURSELF. I CAN'T TELL YOU HOW MANY CANDIDATES COME TO ME AND VEX ABOUT A JOB DECISION AS IF IT WILL SHAPE THEIR ENTIRE CAREER AND IT ULTIMATELY ENDS UP STOPPING THEM FROM TAKING OPPORTUNITIES AND MOVING FORWARD. I'VE SPENT. MUCH OF MY CAREER REDEFINING HOW PEOPLE WERE RECEIVE ME AND HOW I POSITION MYSELF TO BE READY TO STEP INTO THE NEW AND NEXT INTENDED. IN FACT, ONE OF THE PIECES OF ADVICE THAT WAS GIVEN TO ME THAT ALWAYS RESONATES, IT'S A LITTLE INTENSE, BUT IT'S TO THE POINT, CAREERS ARE LIKE SHARPS. THEY MOVE FORWARD OR THEY DIE. NOW THAT'S A PRETTY VIVID MET FOR, BUT I ALWAYS TELL MY TEAMS THIS AND I'VE HAD PEOPLE REACH OUT THE ME YEARS LATER AND SAY, YOU KNOW WHAT, MARY ELLEN, I THOUGHT ABOUT THAT AND THAT IS WHAT GAVE ME THE IMPETUS TO MOVE ON TO THE NEXT BIG OPPORTUNITY.. WHEN I LOOK BACK AT MY JOURNEY, PUSHING MYSELF TO TAKE ON NEW CHALLENGES AND EXPERIENCES, EXACTLY ONE OF THE THINGS THAT ENERGY JESUS ME, I WORKED MY WAY WITH CONSUMER BRANDS WITH NO PRIOR EXPERIENCE. I END UP AT A LEADING CONSULT BE FIRM, A 12 YEAR RUN WITH IT, BECAME A PARTNER WHEN ONLY 5% OF THE GLOBAL PARTNERS WERE WOMEN. I MOVED WEST TO SILICON VALLEY WHEN I REALLY HAD NO TECHNICAL BACKGROUND IN THE TRADITIONAL SENSE TO WORK AT GOOGLE AND NOW I'M DEDICATING MY CAREER TO CAREER DRIVEN BUSINESSES. NOW I'VE JOINED A BOARD OF A FIRM THAT HAS DEDICATED ITSELF TO TREATING CANCER. SOME ARE DEDICATED THEIR LIFE TO CANCER RESEARCH. NONE OF THIS HAPPENED BY CHANCE. IT WAS BECAUSE I WAS INTENTION AND MOVING FORWARD DESPITE MINE OR ANYONE ELSE'S PERCEPTION. GRADUATES, THE ABILITY TO DEFINE YOUR FUTURE IS IN YOUR DOING TODAY. ALL YOU HAVE TO DO IS STEP UP AND OWN IT. CLASS OF 2019, NOW IS REALLY YOUR TIME TO SHINE. YOU'VE WORKED. INCREDIBLY HARD TO GET WHERE YOU ARE TODAY, AND WHILE SOME OF YOU MIGHT KNOW EXACTLY WHAT YOUR NEXT MOVE IS, FOR THE REST OF YOU, LET ME SHARE WITH YOU ONE LAST GOOGLE SEARCH TREND, QUERIES FOR, HOW DO I KNOW WHAT TO DO WITH MY LIFE -- [ LAUGHTER ] >> -- ARE UP 250%.. YOU ARE DEFINITELY NOT ALONE. AS YOU LEAVE THE UNIVERSITY OF MICHIGAN, KNOW THAT YOU ARE LEAVING WITH A BROAD COMMUNITY OF SUPPORT BEHIND YOU. THE ALUMNI NETWORK IS VAST AND INVALUABLE.. AS YOU SET OUT ON WHATEVER PATH AND YOU NEED HELP FIGURING OUT WHAT'S NEXT PLEASE REACH OUT TO ANY OF US AND WE WOULD DELIGHTED TO HELP YOU. REMEMBER THE THREE THINGS I SHARED. FIND OUT WHAT ENERGIES YOU AND HOW TO DO MORE OF IT AND KNOW WHAT IS UNIQUELY AMAZING ABOUT YOU AND SHARE IT WITH THE WORLD. AND FINALLY, NEVER, EVER LIMIT YOUR POTENTIAL. CONGRATULATIONS, GRADUATES. HERE IS TO THE RICH FUTURE AHEAD. [ APPLAUSE ] >>> STUDENTS OF FOND OF GEN GENEROUSLY -- [ INDISCERNIBLE ] -- I THINK YOU JUST HARDER WHY FACULTY MEMBERS THINK OF STUDENTS AS BEING EQUALLY INSPIRING. ANOTHER ROUND OF APPLAUSE, PLEASE, FOR MARY ELLEN COE. [ APPLAUSE ] >> TO GRADUATE FROM MICHIGAN WITH A B.A. OR B.S. IN ECONOMICS IS A GREAT ACHIEVEMENT. AS I MENTIONED BEFORE, OUR GOAL, OUR MAJOR IS ONE OF THE MOST CHALLENGING ON CAMPS, BUT A FEW OF OUR STUDENTS HAVE PERFORMED WITH EXCEPTIONAL DISTINCTION. I WILL NOW ASK EACH OF THE 30 RECIPIENTS OF HONORS OR PRIZES TO STAND IN PLACE WHILE I MENTION THEIR SPECIFIC ACCOMPLISHMENTS. NOT ALL OF THEM CONTACT HERE THIS EVENING, BUT I WILL MENTION THEM ANYWAY. CHILL LEE, HIGH HONORS IN ECONOMICS. [ NAMES BEING READ ] [ NAMES BEING READ ] [ NAMES BEING READ ] CONGRATULATIONS. [ APPLAUSE ] >> BEFORE WE BEGIN THE NEXT PART OF OUR PROGRAM, I WANT TO RECOGNIZE OUR UNDERGRADUATE ADVISING TEAM. MOST STUDENTS RELY ON THE ADVISORS FOR PRECIOUS ADVICE ABOUT HOW BEST TO NAVIGATE THE FIELD OF ECONOMICS AND HOW BEST TO NAVIGATE THE DEPARTMENT. SPEAKING FROM A FACULTY PERSPECTIVE I KNOW WE WOULD NEVER MAINTAIN THE QUALITY OF YOUR UNDERGRADUATE PROGRAM WITHOUT THE DEDICATED AND WORK OF OUR ADVISORS. I'LL ASK EACH ONE TO STAND AND REMAIN STANDING UNTIL ALL THEIR NAMES ARE CALLED. PLEASE HOLD YOUR APPLAUSE UNTIL I IDENTIFY ALL EIGHT OF THEM. DR. CALLS CALLS. DR. ED CHO ARCS DR. MITCHELL DUDLEY S. DR. CHRIS PROULX S. DR. STAN SEDO S. DR. ADAM STEVENSON S. DR. DONGNI WAN. WE GRADUATE RATE OUR ADVISORS. [ APPLAUSE ] I ALSO WANT TO THANK EVERYONE WHO WORKED. HARD FOR THIS CENTER. [ NAMES BEING READ ] IF YOU APPLAUD HARD ENOUGH THEY WILL HEAR YOU EVEN THOUGH THEY'RE WORKING OUT OF THIS ROOM. [ APPLAUSE ] >> AND NOW, THE MOMENT WE'VE ALL BEEN WAITING FOR, THE PRESENTATION OF THE DEGREE CANDIDATES. EACH STUDENT WILL BE ANNOUNCED AND RECEIVE A CERTIFICATE HERE ON STAGE. MANY STUDENTS ARE INVOLVED IN THIS PORTION OF THE CEREMONY AND. WE'LL TRY TO PROCEED WITH ALL DUE SPEED. IF YOU WISH TO TAKE PICTURES, THERE WILL BE OPPORTUNITIES IN THE LOBE AFTER THE CEREMONY. I CALL ON DR. CALLS CALLS AND DR. DONGNI WAN TO THE MICROPHONES. AND I CALL ON TWO OTHERS TO ASSIST ME WITH THE CONFER OF CERTIFICATES. WE BEGIN WITH THE RECIPIENTS OF PRIZES AND HONORS. [ NAMES BEING READ ] >> THE ECONOMICS CLASS OF 2019. [ APPLAUSE ] [ AUDIO DIFFICULTIES ] [ AUDIO DIFFICULTIES ]