Economics on the RISE: Undergraduate program jumps to No. 14 in College Factual rankings. Rice University's undergraduate major in economics is ranked No. 14 in the country, according to the June 2015 College Factual rankings of U.S. undergraduate degree programs.ice University's undergraduate major in economics is ranked No. 14 in the country, according to the June 2015 College Factual rankings of U.S. undergraduate degree programs.