Just to expand on kaz-k's answer (which I agree with) many of us aren't fond of the prebuilt external drives found at big box and discount stores. These externals often have poorly shielded cases and cables and there's no telling what the actual drive is. OWC, the vendor kaz-k pointed you to, and Icy Dock are two companies whose external cases I recommend. At OWC you have the choice of purchasing the entire package all ready to use or, as with Icy Dock you can purchase just an enclosure and choose the specific drive you want. Both manufacture's provide instructions on how to put a drive in the enclosure and it is a matter of minutes and a small phillips screw driver to complete.
As far the the drive mechanism, you don't have to look for anything special although I am wary of Western Digital's green drive line. The one important thing though is that you purchase a drive that is large enough. The basic idea is this: look at how much you have to backup and purchase a drive that is at least 3 times larger than that. In other words if your computer has a 1TB drive with 400GB of data on it, you'd want to have a backup drive with at least 1.2TB of space. if you are taking lots of video and digital photos you should consider going with 4 times larger. This will give you at least a year's worth of incremental backups before TM starts to delete older backups.