Profs with PhD’s are quite capable of instructing undergrads at virtually any school. The limiting factor really are your fellow students; they can’t gear the level of the class higher than the average kid is capable of. Any “match” or “reach” school you get into is going to be just fine.
Also you should know that in the social sciences the degree that matters is a PhD. There are not really entry level jobs in the working world that look for someone with an Econ degree the way there is for a degree in something like Accounting, Engineering, Nursing, etc. Some seem to think of Econ as akin to a degree in business, but these are 2 separate curriculum so it is not equivalent.