This text covers regional economic theory and policy appropriate for students of economics, economic geography, planning, estate and land management courses. The region is considered in the spatial economic hierarchy recognizing the local and urban economy and the interaction with national and European Community economies. The components of the regional economy and their impact on regional growth potential are explained and the relevance of the theory is illustrated through regional examples. Regional and urban policies of the 1980s and 1990s are covered and policy is placed in the context of the European Community and the national and local government authorities. There is particularly full coverage of land and property in regional economics.