<p>
WRONG. 
Penn’s Economics Department has long been ranked at the same or a higher level than Columbia’s:</p>
<p>[url=<a href=“http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-humanities-schools/economics-rankings]Best”>http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-humanities-schools/economics-rankings]Best</a> Economics Programs | Top Economics Schools | US News Best Graduate Schools<a href=“2009%20US%20News%20ranking”>/url</a></p>
<p>[url=<a href=“http://www.stat.tamu.edu/~jnewton/nrc_rankings/area36.html]NRC”>NRC Rankings in Economics]NRC</a> Rankings in Economics<a href=“1990s%20NRC%20ranking”>/url</a></p>
<p>They’re both generally ranked in the top 10 or so in the country, and a choice between them for an Economics major should be based on personal preference and fit for the schools overall (e.g., Columbia’s core vs. Penn’s distributional requirements, Columbia’s 35-acre campus and atmosphere vs. Penn’s 300-acre campus and atmosphere, NYC vs. Philly as a college town, etc.).</p>