The thyroid gland is an important endocrine gland that regulates metabolism, growth, and development. It is butterfly-shaped and located in the front of the neck. The thyroid produces thyroid hormones T3 and T4 which regulate metabolic rate, and calcitonin which regulates calcium levels. The thyroid's hormone production is controlled by the hypothalamus and pituitary gland in a negative feedback loop. Disorders of the thyroid include hypothyroidism, where insufficient hormones cause goiter and myxedema, and hyperthyroidism, where excess hormones cause Graves' disease and exophthalmos.