The textbook presents the main categories of the regional economy, evaluation and sustainable development and the competitiveness of the region, theoretical terms about the economic area; specified properties, functions and factors of its formation. Disclosed parametric characteristics of the single economic space, and its possible life cycle. Outlines the economic evaluation methods and justify the location of production, state regulation of economy of regions of the Russian Federation, assessment of natural resource and socio-economic potential of the constituent entities, Federal districts. Meets the requirements of Federal state educational standards of higher education of the last generation. Designed for bachelors, masters, studying the discipline "Regional economy" as well as for postgraduates and teachers of economic universities, practitioners of economic services of enterprises and organizations. Can be useful for specialists of Federal and regional authorities.