This is an inverting op amp circuit. Proven operating op amp circuit that uses the old and popular LM741 (at Texas Instruments products, datapage ) circuit. Op amp inverting amplifier circuit is very simple, some spare part.
The prototype circuit:
The operational amplifiers built a few dozen transistors attached to direct amplification circuits with high voltage. Often referred to as “op-amp”. Their properties vary widely depending on the model. Balanced inputs and outputs are usually asymmetric, high input resistance and very low output resistance. One of them is typical linearity and low cut-off frequency.
According to their structure can be constructed of discrete components or integrated circuits. The operational amplifier are historical reasons for designation, since this type of circuit during WWII analog computer developed.