never heard of a rat wall, i have heard of a "footer" though. it goes around the perimeter, it goes down into the ground further than the slab.
best suggestion is contact your local concrete companies and get estimates, you may find some with free estimates, i say local as in they will know the local laws / regs / codes, as well as your specific climate and dirt types
also i would recommend finding a good "concrete finisher" and most likely this will be with a concrete company, with a 40 x 60 shed, weekend warriors including friends it sounds like a very ugly task to try and poor that much concrete, and would suggest hiring the job out.
footers are used with concrete block walls, to basement foundations, to other.