I recommend against game theory and prospect theory. This is a high school student who probably won't be used to distinguishing between normative models and descriptive models, and the result might be that he picks up jargon without understanding anything useful. That could be practice for business, but not satisfying for you, I hope.
A fundamental question in financial math is how to evaluate a security which pays you $1/year forever, a "perpetuity." I would start there. You only need high school algebra to approach this. You can add inflation and risk, and then get into basic statistical analysis, options pricing (use simple discrete models with no calculus), etc.
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