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The μA741, a popular early integrated op amp

An operational amplifier (often op amp or opamp) is a DC-coupled electronic voltage amplifier with a differential input, a (usually) single-ended output, and an extremely high gain. Its name comes from its original use of performing mathematical operations in analog computers.

By using negative feedback, an op amp circuit's characteristics (e.g. its gain, input and output impedance, bandwidth, and functionality) can be determined by external components and have little dependence on temperature coefficients or engineering tolerance in the op amp itself. This flexibility has made the op amp a popular building block in analog circuits. (Full article...)