Economic policy: regional and municipal aspects

The article deals with the economic policy in respect of the territorial entity of the Russian Federation and municipal units (economics of administrative territory). Public and municipal governing bodies are the object of discussion. The research topic is the activity of public and municipal bodies on the development and realization of the economic policy of an administrative territory. The authors define the mechanism of setting the state economic policy (its transformation) to the economic policy of regions and municipal units according to their life conditions. It is proposed to consider the public and municipal economic policy in regard to the administrative territory as a combination of economic policies of the federal center, the territorial entity of the Russian Federation and the local government. The competitive development of the administrative territory in whole becomes the core objective of these policies within the framework of the optimal country development. This approach will demand supplementary parameters of the life activity of the administrative territory and the method of evaluation of its economic policy results.