How do I execute a string containing Python code in Python?
For statements, use exec(string) (Python 2/3) or exec string (Python 2):
>>> mycode = 'print "hello world"'
>>> exec(mycode)
Hello world
When you need the value of an expression, use eval(string):
>>> x = eval("2+2")
>>> x
4
However, the first step should be to ask yourself if you really need to. Executing code should generally be the position of last resort: It's slow, ugly and dangerous if it can contain user-entered code. You should always look at alternatives first, such as higher order functions, to see if these can better meet your needs.