How do I merge two dictionaries in a single expression?

In your case, you can do:

z = dict(list(x.items()) + list(y.items()))

This will, as you want it, put the final dict in z, and make the value for key b be properly overridden by the second (y) dict's value:

>>> x = {'a': 1, 'b': 2}
>>> y = {'b': 10, 'c': 11}
>>> z = dict(list(x.items()) + list(y.items()))
>>> z
{'a': 1, 'c': 11, 'b': 10}

If you use Python 2, you can even remove the list() calls. To create z:

>>> z = dict(x.items() + y.items())
>>> z
{'a': 1, 'c': 11, 'b': 10}

If you use Python version 3.9.0a4 or greater, you can directly use:

>>> x = {'a': 1, 'b': 2}
>>> y = {'b': 10, 'c': 11}
>>> z = x | y
>>> z
{'a': 1, 'c': 11, 'b': 10}

An alternative:

z = x.copy()
z.update(y)

Another, more concise, option:

z = dict(x, **y)

Note: this has become a popular answer, but it is important to point out that if y has any non-string keys, the fact that this works at all is an abuse of a CPython implementation detail, and it does not work in Python 3, or in PyPy, IronPython, or Jython. Also, Guido is not a fan. So I can't recommend this technique for forward-compatible or cross-implementation portable code, which really means it should be avoided entirely.

This probably won't be a popular answer, but you almost certainly do not want to do this. If you want a copy that's a merge, then use copy (or deepcopy, depending on what you want) and then update. The two lines of code are much more readable - more Pythonic - than the single line creation with .items() + .items(). Explicit is better than implicit.

In addition, when you use .items() (pre Python 3.0), you're creating a new list that contains the items from the dict. If your dictionaries are large, then that is quite a lot of overhead (two large lists that will be thrown away as soon as the merged dict is created). update() can work more efficiently, because it can run through the second dict item-by-item.

In terms of time:

>>> timeit.Timer("dict(x, **y)", "x = dict(zip(range(1000), range(1000)))\ny=dict(zip(range(1000,2000), range(1000,2000)))").timeit(100000)
15.52571702003479
>>> timeit.Timer("temp = x.copy()\ntemp.update(y)", "x = dict(zip(range(1000), range(1000)))\ny=dict(zip(range(1000,2000), range(1000,2000)))").timeit(100000)
15.694622993469238
>>> timeit.Timer("dict(x.items() + y.items())", "x = dict(zip(range(1000), range(1000)))\ny=dict(zip(range(1000,2000), range(1000,2000)))").timeit(100000)
41.484580039978027

IMO the tiny slowdown between the first two is worth it for the readability. In addition, keyword arguments for dictionary creation was only added in Python 2.3, whereas copy() and update() will work in older versions.